All eight of the unions at Corner Brook Pulp and Paper have voted to agree to a wage deferral request from Kruger Inc., The Western Star reports.
The seven unions represented by the Communications, Energy and Paperworkers (CEP) Union of Canada as well as Lodge 1567 of the International Association of Machinists and Aerospace Workers, voted on the proposal from Kruger. According to the newspaper, Kruger asked the unions to take a 10% cut in pay, which could be paid back to the workers if the mill can improve its bottom line.
The company, according to the agreement, will commit to repaying the lost wages "as soon as Corner Brook Pulp and Paper Limited returns to profitability (pre-tax profit) and has recovered the accumulated losses since Jan. 1, 2010." The Western Star also states that Kruger is committing to allowing the unions access to the necessary financial information, on a quarterly basis, so the unions can better comprehend and evaluate the profitability of the Corner Brook mill.