Settlement at First Ontario Credit Union

April 21, 2011, 12:25 PM EST

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CAW Local 199 members at First Ontario Credit Union in St. Catharines, Niagara Falls, Thorold and Welland, Ontario have overwhelmingly ratified a new three-year collective agreement.

Workers voted 98.5 per cent in favour of the agreement. It includes two per cent wage increases in each year, a signing bonus of $500 for full and part time workers, modest benefit improvements, preserves COLA language and features a retirement allowance for members who are eligible and elect to retire between May 1, 2011 and May 1, 2012.

The gains come despite company demands for concessions at the outset of bargaining, said CAW Local 199 President Wayne Gates. "This was a tough set of contract talks, but the solidarity of the bargaining committee and strong support from the membership helped us achieve a good contract in difficult economic times," Gates said.

CAW Local 199 represents approximately 86 members at First Ontario Credit Union.

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