The agreement includes wage increases from 6.5 to 7.5 per cent over the life of the contract.
The brewery says the agreement includes provisions that will help solve the company’s long term costs for future retiree health care benefits without adding a retiree cost-sharing component which was the major issue that led to the lockout.
There will be a restructuring in the delivery of but no changes to the retiree healthcare benefits package for those employees who will retire during the new contract period. All remaining unionized employees eligible for retiree healthcare benefits will receive enhancements to their retirement savings plan designed to pay for their retirement healthcare benefits.
