Tentative deal reached in Kootenay Savings Credit Union Labour dispute

By Nelson Daily Staff

Coolers heads have been replaced by solid bargaining in the Kootenay Savings Credit Union Labour dispute.

Thursday, the two sides in the dispute — Kootenay Savings Credit Union and the United Steelworkers, Locals 9705 and 1‐405 — announced in a joint statement a tentative agreement had been reached Wednesday.

“Both parties will be recommending acceptance of the terms of this renewed collective agreement to their principals,” the joint statement said.

 

“Once the agreement has been ratified, further details will be released.”

 

The two sides have been bargaining for well over a year but could not come to an agreement on the contentious issue of pension. Other key stumbling block included wages.

 

Both parties were in legal position to strike or lockout as of Friday, October 21.

 

On Tuesday October 25th, the Union commenced work to rule action.

 

On Friday, October 27 the Kootenay Savings Credit Union locked out its employees. The lockout was to be for only one day but continued until Wednesday.