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    Home»Economy»ArcelorMittal: $50/hour at the top of the ladder
    Economy

    ArcelorMittal: $50/hour at the top of the ladder

    Sophie LaurentBy Sophie LaurentMarch 1, 2022No Comments2 Mins Read
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    ArcelorMittal: /hour at the top of the ladder
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    (Montreal) Wages to the steelworkers’ union of ArcelorMittal in Longueuil and Contrecœur could reach $50 an hour at the top of the scale, at the end of the collective agreement.

    Posted yesterday at 3:12pm.



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    Leah Levesque
    Canadian Press

    The three local divisions of the Steelworkers Union, which is affiliated with the FTQ, announced Sunday that they have ratified the agreement reached with ArcelorMittal Long Products.

    This brought an end to the strike that had begun on 2 February. Returned to work on Monday.

    This agreement allows them to receive a salary increase of $9 an hour from 2022 to 2028, a 26% increase in the average salary.

    However, management has since determined that at the end of the collective agreement, the base salary will therefore increase from $29.93 to $38.93 per hour. At the top of the table, the salary will come to $49.92 an hour.

    Moreover, there have also been improvements to the pension scheme and group insurance.

    President and CEO Francois Perras said he was satisfied with this agreement with Steelworkers, which allows him to take care of workers, thanks to some innovation. He adds that the agreement will make it possible to “make responsible steel” while preserving the planet.

    Sophie Laurent

    Sophie Laurent is a contributor to Vaughantoday.ca, covering a wide range of topics including local news, politics, business, technology, sports, entertainment, and lifestyle. She focuses on delivering clear, balanced reporting that helps readers stay informed about current events and issues that matter to their communities. Sophie is committed to presenting accurate information, practical insights, and relevant stories in a straightforward and reader-friendly manner, making complex topics accessible to a broad audience.

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