Steelworkers ratify new four-year agreement with Vale

Core Points - The United Steelworkers (USW) Local 2020-05 has ratified a new four-year collective agreement with Vale, effective until October 26, 2029, which includes significant wage increases and bonuses [2][3]. Wage and Compensation - The contract provides a five-percent wage increase in the first year, followed by three-percent increases in each of the subsequent three years [3]. - Members will receive a $3,500 signing bonus within four weeks of ratification [3]. Benefits and Protections - The agreement includes substantial pension improvements, enhanced health and safety provisions, and new workplace fairness protections [4]. - It recognizes the National Day for Truth and Reconciliation as a statutory holiday, increases shift premiums and meal allowances, and strengthens job posting and vacation rights [4]. Union Leadership Statements - USW District 6 Director Kevon Stewart emphasized the solidarity and determination of members in achieving real improvements in wages, pensions, and protections [5]. - USW Area Co-ordinator Pascal Boucher noted that the agreement lays a strong foundation for future negotiations with unprecedented wage increases and stronger protections [5]. - Local 2020-05 President Sherri Hawkes highlighted the success as a result of thorough planning, member engagement, and solidarity throughout the negotiation process [5]. Union Overview - The United Steelworkers union represents 225,000 members across various economic sectors in Canada and is the largest private-sector union in North America, with a total of 850,000 members in Canada, the United States, and the Caribbean [6]. - The union is recognized for its strong track record in improving workplace conditions and negotiating better compensation, including wages, benefits, and pensions [7].