The Canadian Press - ONLINE EDITION

Essar Steel Algoma and USW ratify new collective agreement

  • Print

SAULT STE. MARIE, Ont. - Workers at Essar Steel Algoma Inc. have ratified a new collective agreement, which takes effect on Aug. 1 for a 20-month term.

The agreement covers about 500 of the company's technical, professional and front line management employees represented by United Steel Workers Local 2724.

No details were released, but the Sault Ste,. Marie, Ont.-based company says the agreement "recognizes the immediate need to stabilize operations after an extreme winter."

Essar Steel Algoma Inc. is a subsidiary of Essar Steel, a global integrated steel producer with an annual capacity of 14 million tonnes.

In December, 2013, the Ontario government approved a new regulation providing funding relief for the company's defined benefit pension plans.

The new rules allowed for fixed payments over the next three years and extended the amortization period through to 2024.

The company had said that due to historically low interest, its pension contribution requirements had more than doubled year over year, escalating to unsustainable levels.

Fact Check

Fact Check

Have you found an error, or know of something we’ve missed in one of our stories?
Please use the form below and let us know.

* Required
  • Please post the headline of the story or the title of the video with the error.

  • Please post exactly what was wrong with the story.

  • Please indicate your source for the correct information.

  • Yes

    No

  • This will only be used to contact you if we have a question about your submission, it will not be used to identify you or be published.

  • Cancel

Having problems with the form?

Contact Us Directly
  • Print

You can comment on most stories on winnipegfreepress.com. You can also agree or disagree with other comments. All you need to do is be a Winnipeg Free Press print or e-edition subscriber to join the conversation and give your feedback.

You can comment on most stories on winnipegfreepress.com. You can also agree or disagree with other comments. All you need to do is be a Winnipeg Free Press print or e-edition subscriber to join the conversation and give your feedback.

Have Your Say

New to commenting? Check out our Frequently Asked Questions.

Have Your Say

Comments are open to Winnipeg Free Press print or e-edition subscribers only. why?

Have Your Say

Comments are open to Winnipeg Free Press Subscribers only. why?

The Winnipeg Free Press does not necessarily endorse any of the views posted. By submitting your comment, you agree to our Terms and Conditions. These terms were revised effective April 16, 2010.

letters

Make text: Larger | Smaller

LATEST VIDEO

Maurice Leggett on his three interceptions vs. Alouettes

View more like this

Photo Store Gallery

  • PHIL.HOSSACK@FREEPRESS.MB.CA 101130-Winnipeg Free Press Columns of light reach skyward to the stars above Sanford Mb Tuesday night. The effect is produced by streetlights refracting through ice crystals suspended in the air on humid winter nights. Stand Up.....
  • Marc Gallant / Winnipeg Free Press. Local- Deer in Canola field near Elma, Manitoba. 060706.

View More Gallery Photos

Poll

Have you decided which mayoral candidate will get your vote?

View Results

View Related Story

Ads by Google