MONTRÉAL, Feb. 5, 2024 /CNW/ - (Sydney, February 6, 2024) - Champion Iron Limited (TSX: CIA) (ASX: CIA) (OTCQX: CIAFF) ("Champion" or the "Company") announces that its unionized employees represented by the Syndicat des Métallos (the "Métallos"), representing approximately 63% of the workforce at the Bloom Lake mine ("Bloom Lake"), voted against the Company's proposed terms towards a new collective bargaining agreement ("CBA") and voted in favor of a strike action mandate (the "Strike Mandate"). The Strike Mandate enables the Métallos to initiate at any time a strike if the ongoing discussions do not conclude in a new CBA. While negotiations continued over the last few days, including a mediation process, the parties did not come to an agreement in principle for a new CBA. The Company remains collaborative with the Métallos to find common grounds for a new CBA. The Strike Mandate and ongoing discussions do not impact operations at Bloom Lake at this time.
Read more at newswire.caCHAMPION IRON PROVIDES AN UPDATE ON ITS ONGOING COLLECTIVE AGREEMENT NEGOTIATIONS
Provided Content: Content provided by Newswire.ca. The Globe and Mail was not involved, and material was not reviewed prior to publication.