Quebec Safran workers to start unlimited strike on Tuesday, union says [Yahoo! Finance Canada]
SAFRAN SA UNSPON/ ADR (SAFRY)
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Source: Yahoo! Finance Canada
It comes as planemakers are wrestling with supply chain snags due to parts shortages, and unions are capitalizing on tight labor markets and high inflation to win hefty contracts at the bargaining table across North America. The 130 Safran workers who produce parts used in aircraft like Airbus's A320 family and A350 jets, along with Boeing's 787, walked off the job last Tuesday for one week in an effort to "catch up" on pay, said union local President Michael Durand. Durand said aerospace group Safran has offered a 14% raise over three years, while workers represented by the Confederation des syndicats nationaux union want an estimated 22% salary hike during the period. ADVERTISEMENT Boeing and Airbus both directed comments to France's Safran, which is expected to make a new offer to the union on Tuesday, but would not comment further. (Reporting By Allison Lampert in Montreal; Editing by Chris Reese and Bill Berkrot)
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