Teck Cominco Limited

Teck Cominco Limited

June 11, 2008 11:00 ET

Teck Cominco Metals Ltd. and United Steelworkers Reach Contract Agreement

TRAIL, BRITISH COLUMBIA--(Marketwire - June 11, 2008) - Teck Cominco Metals Ltd. and the unions at the company's Trail Operations, United Steelworkers Local 480 and 9705, have finalized the terms of a new collective agreement.

The collective agreement, applicable to 1,280 unionized employees, is for a four-year term from June 1, 2008 to May 31, 2012. It provides for wage increases of 15 percent over the term, an 18-percent improvement in basic pension, enhancements to a number of benefits and a $5,000 signing bonus.

"We are very pleased with the stability the agreement offers our employees, our community, our customers and the company," said Mike Martin, General Manager, Trail Operations. "Negotiations were very constructive and positive throughout the process, which began at the beginning of May. We look forward to a continuation of this productive relationship in our day-to-day business."

Contact Information

  • Teck Cominco Metals Ltd.
    Carol Vanelli Worosz
    Communications Manager
    (250) 364-4118