Teck announces five-year labour deal with Trail employees
Teck Resources, Canada's largest diversified miner, reached a five-year agreement with unionized employees at its Trail Operations.
Teck will incur a one-time, after-tax charge to earnings in the second quarter of approximately $34 million related to a signing bonus and enhancements to pension and post-retirement benefits of which about three quarters will be a non-cash accrual.
No other details of the agreement were released.
Teck's Trail Operations is one of the world's largest zinc and lead smelting and refining plants.