In 1997, our union entered into the 2012 agreement with HBM&S. At that time the company had a long term debt of 201 million dollars and would require an additional 33 million dollars to continue operating. At that time they offered wage increases of 3% /year over 3 years. We entered into the agreement in order to save the company from bankruptcy and ensure our community’s survival.
Today is 2015, the company is thriving. They are sending hundreds of millions of dollars to fund their major projects in Peru, Snow Lake and Arizona. Let’s make it clear, the only positive cash flow for Hudbay is from their Manitoba unit consisting of Flin Flon and Snow Lake. This is no longer a company starving.
When we look at the wage enhancements we were offered, we find year 1 at 2.83%, year 2 at 3.42% and year 3 at 3.94% for a yearly average of 3.39%. From a company on the verge of financial collapse in 1997 to the major player in the mining industry it is today, its a difference of 0.39%. WHAT IS WRONG WITH THIS PICTURE?
Over the 15 year agreement we have seen this company take advantage of their labor force and our wages tumble from the industry standard.
Certified trade rates at Hudbay range from $33.85-34.27/hr. At Vale in Thompson, apprentices earn $34.66/hr and certified trades is $41.02/hr. It is a difference of $7.17/hr. At Tolko in the Pas, apprentices earn $37.95/hr and certified trades is $40.55/hr. It is a difference of $6.70/hr. Cameco, a company that we are losing most of our skilled workers to has a trade rate of $52.70. They fly their employees in and out of work from the Flin Flon Airport. Pretty convenient.
ENOUGH IS ENOUGH! IT’S TIME THIS COMPANY STARTS TO PAY THEIR WORKERS WHAT THEY ARE WORTH!
Your negotiating team