Tree Island Industries Inks 3-year CBA
FEATURE
Tree Island Industries Ltd. and Teamster Local 213 signed a three-year collective agreement. The agreement covers hourly employees at Tree Island’s Richmond, British Columbia, manufacturing facility.
The new collective agreement, ratified by unionized employees over the weekend, is retroactive to July 1, 2012 and introduces, among other improvements, a new wage and benefits structure that provides “a long term foundation of improved labour and productivity costs,” the company stated.
“We are pleased to have reached a balanced, long-term agreement with the Teamsters and I want to thank the bargaining unit and all members for their continued support and leadership as we re-position the company toward sustained profitability,” said CEO Dale MacLean.
“This now gives us added stability for our customers, employees and suppliers as we continue to build on our strengths and focus on our goals of manufacturing and service excellence, while growing profitable business lines.”
In June Tree Island obtained board approval to convert the fund from an income trust to a corporation, with an expected effective date prior to January 1, 2013.
Launched on November 12, 2002, the fund holds a 100% ownership interest in Richmond, BC-based Tree Island Industries Ltd., which produces fasteners and other wire products. ©2012 GlobalFastenerNews.com
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