Engineers and scientists at Candu Energy have settled a 12-week strike and returned to work at the nuclear energy company.
The company is a unit of SNC-Lavalin, which bought the nuclear reactor business of Atomic Energy of Canada Ltd. last year.
The contract, which runs to the end of 2016, calls for annual wage increases of 2 per cent, except for a 2.5 per cent increase in the final year, said Michael Ivanco, who headed the bargaining team for the Society of Professional Engineers and Associates.
The company says that, when merit increases are included, the average wage increase will be 3.6 per cent a year.
The union gave up its defined benefit pension plan and accepted a defined contribution plan in its place, Ivanco said.
“This isn’t the contract we wanted, but it isn’t the contract the company wanted, either,” he said