BRAMPTON, ON, June 6, 2024
/CNW/ - MDA Space (TSX: MDA) is pleased to announce that we have
ratified a collective agreement with members of Unifor locals 112
and 673 associated with the company's operations in Brampton, Ontario. The significant monetary
terms of the three-year agreement are as follows:
Wage increases:
- Year 1:
2.5%
- Year 2: 3.5%
- Year 3: 3.0%
Based on the expiration date of the previous agreement, as of
October 2023, and the retroactive
dues that were agreed upon by the company, the effective Year 1
wage increases are 3.67%.
Cost of Living Allowance (COLA) will be rolled into year 1 wages
at $0.80 per hour, and reset to
$0.00 effective October 2023. For the duration of the agreement,
Cost of Living Allowance (COLA) payments will be adjusted
quarterly, up to a maximum of $0.80
per hour.
These terms are comparable and in line with collective
agreements recently ratified by members of SSESA and SPATEA
Employee Associations.
ABOUT MDA
SPACE
Building the space between proven and possible, MDA Space
(TSX:MDA) is a trusted mission partner to the global space
industry. A robotics, satellite systems and geointelligence pioneer
with a 55-year+ story of world firsts and more than 450 missions,
MDA Space is a global leader in communications satellites, Earth
and space observation, and space exploration and infrastructure.
The MDA Space team of more than 3,000 space experts in Canada, the US and the UK has the knowledge
and know-how to turn an audacious customer vision into an
achievable mission – bringing to bear a one-of-a-kind mix of
experience, engineering excellence and wide-eyed wonder that's been
in our DNA since day one. For those who dream big and push
boundaries on the ground and in the stars to change the world for
the better, we'll take you there. For more information, visit
mda.space.
SOCIAL MEDIA
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SOURCE MDA Space