In recognition of its employees’ efforts during the ongoing coronavirus pandemic, Volkswagen and Germany’s largest industrial union have agreed on a 23-month wage deal that provides a €1,000-euro bonus (approximately $1,501.37 in Canadian dollars), as well as a 2.3 per cent wage increase that will take effect in January 2022. The deal covers 120,000 workers at […]
Sobeys Inc. is reinstating a lockdown bonus for employees in areas with renewed stay-at-home orders, said a statement by the grocery retailer, which also noted the pay bump is “the right thing to do.” “When regions and cities enter government-mandated lockdowns that close all non-essential retail, we continue to live up to our commitments and […]
Canadian pension funds are seeing significant cost savings from in-house asset management but are still relying on external managers, according to a new survey from CIBC Mellon. It found among funds that have taken asset management in-house, 66 per cent said they achieved savings. Of those, 91 per cent reported more than 10 per cent […]
A recent decision from the Ontario Superior Court suggests that federally-regulated employers will be held to the same strict rules as their provincial counterparts in ensuring that termination provisions comply with minimum employment standards. “The decision in Sager v. TFI International Inc. extends courts’ pro-employee interpretation of termination clauses in the context of minimum standards […]
Hard Rock Cafe International Inc. is handing out cash bonuses to its workers in several U.S. states to thank them for their efforts during the coronavirus pandemic. “It’s important not to forget the job they’re doing during these difficult times. These are clearly challenging times and this is a way of showing our appreciation,” says Jim […]
Following an unprecedented 2020, Canada’s plan sponsors and pension plans are incorporating the lessons of the last year as they prepare for a new decade, according to a recent webinar hosted by Mercer Canada. The coming years will be marked by developments including increased geopolitical tensions and the lingering economic effects of the coronavirus pandemic, […]
The union representing General Motors of Canada Co. employees in Ontario has ratified a new agreement for workers at a plant in Ingersoll that removes changes to a legacy defined benefit plan as part of ongoing pension discussions. The deal, based on the recent three-year agreement with GM for workers in Oshawa, St. Catharines and Woodstock, […]
Employees of a U.S.-based chain of discount stores will get four hours of regular pay after they’ve received the coronavirus vaccination. Dollar General Corp. is giving frontline, hourly team members the one-time payment to compensate them for the time taken away from the store to get vaccinated. Meanwhile, salaried team members will get additional store labour hours to […]
Approximately seven per cent of Canadian companies plan to freeze salaries in 2021, according to a new survey by Normandin Beaudry. It found that while fewer organizations plan to freeze salaries this year compared to last summer (when more than 20 per cent of respondents planned a freeze), the number is still higher than pre-coronavirus pandemic […]
Siemens Canada is paying out $3.4 million in one-time bonuses to Canadian workers in appreciation of their extra work during the coronavirus pandemic. The company said the payments, which will go to all employees apart from senior managers by the end of this year, work out to about $1,550 per eligible employee. Read: Managing the holiday party, bonus […]