Agreement provides wage increases, new pension plan
Alberta workers with the logistics cash provider Brinks recently ratified a new labour contract.
The new collective agreement — negotiated with Teamsters Local Union 362 — includes wage increases of 2.5 per cent to three per cent every year for the next four years.
Approximately 230 workers are covered by the contract. The agreement will expire in September 2018.
The union also negotiated a new pension plan, set to start on Jan. 1, 2015. The employer will make contributions to the Prairie Teamsters Pension Plan, along with a Health & Welfare Plan provided by the Prairie Teamsters Health & Welfare.
According to the union, this agreement makes Alberta Brinks workers the highest paid in the country, with the best benefits.
The contract also includes improvements to several non-monetary clauses.
“The negotiations were tough but I am very satisfied with the outcome,” said Lance Wallace, a union representative. “The bargaining committee and the workers banded together for a common cause and today reap the rewards of their efforts.”