ICBC and union ratify new collective agreement
December 6, 2012
ICBC and the union (COPE 378) representing its bargaining unit employees, have ratified a new collective agreement that runs until June 30, 2014.
The terms of the agreement include four separate wage increases of one per cent each that are being funded within existing budgets.
"I am pleased that we've reached this agreement," said Mark Blucher, interim president and CEO. "Now we can focus all of our attention on serving our customers and helping improve ICBC."
The agreement follows a tentative settlement that was reached on November 3, 2012. The union announced on December 3 that membership had accepted with 71 per cent in favour and ICBC's board of directors ratified the new collective agreement at a meeting today.