About 400 unionized employees at Cameco’s McArthur River and Key Lake uranium operations have accepted a contract settlement offer from the company.
They voted in favour of a new four-year contract that provides a 21.5% wage increase over the period, further wage increases for journeypersons and enhanced benefits.
“This contract rewards our workers and their families for their good work and positions us to attract and retain the skilled people we need for continued growth,” says Cameco’s president and CEO Jerry Grandey. “It also provides an extended period of stability for our customers and investors.”
Negotiations have been ongoing since the previous three-year contract expired at the end of 2005. The tentative agreement was reached in mid-October. A majority of the union’s bargaining committee recommended that members accept the agreement.
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