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BUSINESS
Magellan Aerospace and CAW reach
new contract deal, ending three-week strike at Winnipeg plant
WINNIPEG - The Canadian Auto Workers
union and Magellan Aerospace Corp. have agreed to a new contract that
could soon end a three-week strike at the company's Winnipeg
manufacturing plant. The Toronto-area based aircraft parts maker said
Saturday it had reached a new three-year agreement with the union,
which represents 400 workers at the Manitoba plant. Details of the
agreement with CAW local 3005 were not released pending a ratification
vote by unionized workers Tuesday. The 400 workers have been on a
legal strike since Sept. 15. Mississauga, Ont.-based Magellan (TSX:MAL)
is an aerospace industry supplier that designs, engineers and
manufactures engine and aircraft assemblies and components for
aerospace, military and space markets. The company employs 3,500
people and operates through subsidiaries such as Bristol, Orenda and
other units in Canada, the United States and the United Kingdom.
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