The University of Saskatchewan will be reducing 75 senior employees’ salaries and benefits in an effort to address a funding shortfall. “Following the substantial cut in our provincial grant, we must make strategic, deliberate decisions that provide sustainable answers to the serious financial challenge we currently face,” said university president Peter Stoicheff in a news […]
Stelco Inc. employees in Nanticoke and Hamilton have voted in favour of a new collective agreement proposed by potential buyer Bedrock Industries Group LLC. Nanticoke employees, who are part of United Steelworkers Local 8782 and work across two plants, voted 86 per cent and 89 per cent in favour of the new agreement on Friday, […]
The majority of salaried retirees and employees, along with unsecured creditors, voted in favour of Stelco Inc.’s restructuring plan in meetings on Thursday afternoon. Under the plan, Stelco will no longer be responsible for administering the salaried group’s pension plans and other post-employment benefits. The company taking over Stelco, Bedrock Industries Group LLC., will contribute […]
In its latest round of negotiations with Canada Post, the Union of Postal Communications Employees, a division of the Public Service Alliance of Canada, is fighting for defined benefit pensions for all of its members. “We believe that [defined contribution] does very little for the plan itself but has significant impact on our members’ retirement security,” […]
Workers at Vast-Auto Distribution in Brampton, Ont. have ratified a new collective agreement after a week on the picket line. The workers, represented by Unifor, were striking over wages that were significantly lower than those of their colleagues in Quebec doing the same work, as well as having to split the cost of benefits with their […]
Library workers in Essex County, Ont. are back on the job today after nearly eight months on strike. The major sticking point in negotiations was short-term disability leave, which will now need to be approved by a third-party insurer. “Our workforce didn’t want the third party because they didn’t want to run the risk of […]
Major public unions are not entitled to a $28-billion pension surplus that the government hived off to help pay down the deficit.