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(AMM) Sudbury strikers reject Vale contract offer
March 12, 2010 - 17:28 GMT
Location:
NEW YORK
KEYWORDS:
Vale Inco
,
Sudbury
,
nickel
,
USW
Striking workers at Vale Inco Ltd's operations in Sudbury, Ontario, decisively rejected a contract offer, with about 90 percent of United Steelworkers union members voting against the proposal.
The result was largely expected because the USW negotiating team strongly opposed the five-year offer, which included a revised bonus that kicks in at $3.50-per-pound nickel, amended benefit and pension plans, cost-of-living increases and a Canadian $3,000 ($2,900) bonus...
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Euromoney Institutional Investor PLC.
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