Sault Online reported that the 2,000 non salaried employees of the United Steelworkers Union Local 2251 who are looking to strike have been made an offer by Sault Ste Marie Ontario based Canadian steel maker Algoma Steel. Algoma Steel initially rejected 2251’s desire for a wage increase of 16% over three years plus a cost-of-living allowance rolled into each year, which financially Algoma Steel said would add up to 20% over three years. The Algoma Steel offer is 10.6% over three years.Algoma Steel has offered to add cost of living allowances and a 0.5% wage increase on 1 August 2022, which it says adds up to 4.1% plus the 0.5%. On 1 August 1 the cost-of-living allowance will be rolled the wage but if the increase is less than 3% of an increase, the base wage will be increased to hit the 3% mark. On 1 August2024, the same increase as the previous year will repeat. And on 31 July 2025 the cost-of-living allowance will be rolled into the wage again at this point. The increases will be no less than 10.6% over 3 years.With Algoma Steel announcing unprecedented revenues, USW Local 2251 has proposed wage increases of 6%, 6% and 4% over the 3-year term for the next agreement. In a response, Algoma Steel offered a COLA, Cost of Living Allowance, roll-in plus a .5% increase in the first year and a CAD 1.35 increase in Years 2 and 3 reduced by any COLA amount generated. Algoma Steel has been notified by United Steelworkers Local 2724, the union representing its technical, professional, and front-line supervisory employees, that their members have successfully ratified their collective agreement, providing an enhanced economic package for their members and importantly setting out the process to transition the workforce to electric arc steelmaking.
Sault Online reported that the 2,000 non salaried employees of the United Steelworkers Union Local 2251 who are looking to strike have been made an offer by Sault Ste Marie Ontario based Canadian steel maker Algoma Steel. Algoma Steel initially rejected 2251’s desire for a wage increase of 16% over three years plus a cost-of-living allowance rolled into each year, which financially Algoma Steel said would add up to 20% over three years. The Algoma Steel offer is 10.6% over three years.Algoma Steel has offered to add cost of living allowances and a 0.5% wage increase on 1 August 2022, which it says adds up to 4.1% plus the 0.5%. On 1 August 1 the cost-of-living allowance will be rolled the wage but if the increase is less than 3% of an increase, the base wage will be increased to hit the 3% mark. On 1 August2024, the same increase as the previous year will repeat. And on 31 July 2025 the cost-of-living allowance will be rolled into the wage again at this point. The increases will be no less than 10.6% over 3 years.With Algoma Steel announcing unprecedented revenues, USW Local 2251 has proposed wage increases of 6%, 6% and 4% over the 3-year term for the next agreement. In a response, Algoma Steel offered a COLA, Cost of Living Allowance, roll-in plus a .5% increase in the first year and a CAD 1.35 increase in Years 2 and 3 reduced by any COLA amount generated. Algoma Steel has been notified by United Steelworkers Local 2724, the union representing its technical, professional, and front-line supervisory employees, that their members have successfully ratified their collective agreement, providing an enhanced economic package for their members and importantly setting out the process to transition the workforce to electric arc steelmaking.
