I DID NOT SEE THIS REPORT TILL TODAY...Looks like employees at Fort Sask received a 13% raise earlier this year! Wondering why no one publicized that?
Certainly warranted given the inflation we have all been experiencing.
The only issue is that it adds costs and squeezes profits since the price of Nickel and Cobalt is declining. Sherritt can't just increase their prices since they are set by the market. Hoping Binedell pauses the 20% expansion at this time. IMO - It's cutting their throats given the glut on the market and declining prices. The only thing they can do is cut costs, improve efficiencies and hopefully come up with other revenue streams.
See the article here:
https://albertaworker.ca/news/fort-sask-refinery-workers-win-13-raise/