Bombardier Workers Vote In Favour Of New Contract| MENAFN.COM

Saturday, 13 August 2022 01:02 GMT

Bombardier Workers Vote In Favour Of New Contract

(MENAFN- Bombardier Workers Vote In Favour Of New Contract

About 1,800 unionized workers at Canadian aerospace firm Bombardier (BBD) have voted to
approve a new five-year contract.

Members of the International Association of Machinists and Aerospace Workers have voted
73% in favour of management's latest contract offer.

The deal gives workers a pay increase of 6.5% in the first year and 3% raises in the second and
third years. Pay increases will amount to at least 1.5% for the fourth and fifth years of the

The union said the contract also guarantees no work will be outsourced during the life of the

In a written statement, Montreal-based Bombardier, which primarily makes business jets, said it
is pleased with the outcome of the union vote.

Bombardier stock is down 48% this year at $22.62 per share.


Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.