https://www.miningweekly.com

Port, railway workers reject Canada miner IOC's latest offer

30th March 2018

By: Reuters

  

Font size: - +

TORONTO – A majority of 98% of workers at the Iron Ore Company of Canada's railway and port operations in Sept Iles, Quebec have rejected the miner's latest contract offer, the United Steelworkers said on Thursday, after negotiations stumbled on monetary issues.

The 305 unionised employees are unhappy with amounts proposed in the defined-benefit pension plan, the union said. Earlier this month, they voted 99.2% in favor of a strike mandate, but will not have the right to strike before April 10.

On Tuesday, some 1 300 workers walked off the job at IOC's Labrador City mine, after rejecting the company's final contract offer on Monday. IOC has initiated a short-term contingency plan, using staff employees to shut down operations and protect assets.

Labrador Iron Ore Royalty Corp said the strike is expected to adversely affect its revenue, which depends entirely on IOC's sale of iron-ore productions.

The IOC, majority-owned by Rio Tinto with Mitsubishi holding a 26% stake, said on March 8 that the 305 workers had rejected their requests for concessions and a two-tier retirement programme.

Edited by Creamer Media Reporter

Comments

Showroom

Booyco Electronics
Booyco Electronics

Booyco Electronics, South African pioneer of Proximity Detection Systems, offers safety solutions for underground and surface mining, quarrying,...

VISIT SHOWROOM 
VEGA Controls SA (Pty) Ltd
VEGA Controls SA (Pty) Ltd

For over 60 years, VEGA has provided industry-leading products for the measurement of level, density, weight and pressure. As the inventor of the...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 19 April 2024
Magazine round up | 19 April 2024
19th April 2024
Resources Watch
Resources Watch
17th April 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.161 0.2s - 101pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: