Re: Bartolucci asks mediator to call both sides back to negotiating table

HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"

NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)

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Sudbury Novice

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Re: Bartolucci asks mediator to call both sides back to negotiating table

in response to

Re: Bartolucci asks mediator to call both sides back to negotiating table

obg

posted on Dec 31, 2009 12:50PM

OBG wrote:

Maybe if Vale gets to depress wages at will they will be happy...not likely since then they will want even more concessions.

Just to clarify the issues in this dispute, it is not about wages. The issues are as follows:

1. Pensions....all new future employees would be on the defined contribution plan vs the defined benefit plan. Current employees have the choice.

2. Nickel Bonus...the company wants a higher entry point based on the price of nickel. This is because their costs have gone up.

3. Seniority for job postings...transfers would be limited to once every 3 years.

Wage rates remain unchanged.

Happy New Year everyone.

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