Teck Announces Memorandum of Settlement Reached at its Elkview Operation
Teck Resources Limited announced today that Teck and Local 9346 of the United Steelworkers of America have reached a memorandum of settlement covering the Elkview operation. A previous tentative agreement announced on March 15, 2011 was not ratified by the union membership. With the assistance of mediator Vince Ready, additional talks have led to this memorandum of settlement.
The parties agree that they will be recommending this memorandum of settlement to their respective groups. The union ratification vote is scheduled to be complete by Thursday, April 7, 2011. If the agreement is ratified, production at the mine could resume by Friday, April 8, 2011. No other terms of the agreement will be disclosed until ratification occurs.
