Unionized workers at Noranda’s Canadian Copper Refinery in Montreal have voted 83% in favour of a new, 3-year labour agreement.
Under the deal, roughly 400 workers at the plant will receive an hourly wage increase of 55 in the first year and the same amount in each subsequent year. The original deal was set to expire on May 31, 2004.
Last year, the refinery produced 235,400 tonnes of copper cathode, representing about half the company’s output. The facility refines anode copper from Noranda’s Horne smelter in Quebec and Altonorte smelter in Chile, as well as third-party sources.
Copper prices are hovering near 8.5-year highs.
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