The 8-month strike between Western Forest Products (WFP), 6-mills on Vancouver Island and the United Steelworkers (USW) Union Local 1-1937 has come to an end. With 81.9% of the union’s membership voting to ratify the new 5-year agreement, which will actually run for 4-years and 4-months. The USW concedes that WFP will need sometime to ramp up again, but they expect more details from the company as early as this Tuesday. The agreement comes with a 12.5% pay increase over the remaining life of the agreement, as well as increases in life insurance and health benefits.
FEA compiles the Wood Markets News from various 3rd party sources to provide readers with the latest news impacting forest product markets. Opinions or views expressed in these articles do not necessarily represent those of FEA.