Saturday, December 20th1.0°C
24295
24285

ArcelorMittal locks out workers at Quebec plant in labour dispute

CONTRECOEUR, Que. - Employees of ArcelorMittal Montreal have been locked out by the global steel giant after they rejected the company's last contract offer.

The company said in a statement Thursday it was "forced" to take the action.

Fifty-two per cent of 262 workers present voted against the contract Wednesday night, saying they objected in particular to proposed changes to the company pension plan.

The employees, who work in Contrecoeur, northeast of Montreal, also insisted the wage increases being offered were insufficient.

The company locked them out shortly afterward.

ArcelorMittal said it offered employees a 13 per cent wage increase over five years. Acceptance of the offer would have raised the average annual salary to $68,000, it added.

Union spokesman Guy Gaudette said he was surprised by the lockout because the two sides had been involved in a recent negotiating blitz with a mediator.

The union had also not exercised its strike mandate.

Gaudette says ArcelorMittal wanted to move from a fully funded pension plan to a defined contribution plan for younger workers and future employees.

While the company would take care of the contributions in both cases, the pension amount for employees in the new plan would depend on its performance over the years.

Gaudette said that would make it more difficult for young workers to plan for retirement.

The company also deplored acts of vandalism it said took place after the lockout started.

"These regrettable and unacceptable acts have jeopardized the safety of the people present and caused significant material damage," the company said in its statement.

The 300 unionized workers have been without a contract since July 31. The company makes leaf springs and steel frames for the auto and construction industries.

The Canadian Press


Read more Business News

24175


Recent Trending




Today's Market
S&P TSX14468.26+121.51
S&P CDNX676.54+11.04
DJIA17804.8026.65
Nasdaq4765.38+16.983
S&P 5002070.65+9.42
CDN Dollar0.8618+0.0001
Gold1197.20+2.50
Oil56.50+2.39
Lumber336.20-0.70
Natural Gas3.446-0.196

 
Okanagan Companies
Pacific Safety0.12-0.01
Knighthawk0.01-0.005
QHR Technologies Inc1.25-0.03
Cantex0.03-0.005
Anavex Life Sciences0.1726+0.0026
Metalex Ventures0.05-0.005
Russel Metals25.58-0.42
Copper Mountain Mining1.55-0.02
Colorado Resources0.120.00
ReliaBrand Inc0.011-0.0089
Sunrise Resources Ltd0.05-0.005
Mission Ready Services0.215-0.01

 
23744


24588

FEATURED Property
1887937Luxury Condo at "The Lagoons" ...Spectacular Lake Views!!!
$469,000
more details
image2image2image2
Click here to feature your property
Please wait... loading


My final thoughts on real estate

This will be the last column I write on real estate. Largely because at the end of the year I will be handing in my license. After 20+ years of working in land development, resort development and rea...


Reflecting on the end of the year

The importance of the end of the year and the Christmas holidays is profound. It is a time to reconnect with family and traditions that have made us who we are. But the year-end has always been a time...


Parenthood: Estates, insurance & taxes

It is now even more important to ensure your loved ones are well looked if anything should happen to you. Here are a few topics to consider helping you prepare for some of the unexpected events that c...

_








Member of BC Press Council


23546