UPDATE 2-Cameco, union in deal to end lockout at Canada uranium mine

Fri Sep 12, 2014 3:09pm EDT
 
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(Adds Cameco confirming deal)

By Rod Nickel

Sept 12 (Reuters) - Canadian uranium producer Cameco Corp and the United Steelworkers union, which represents 535 workers at the world's largest uranium mine and a nearby mill, have agreed to a tentative deal ending a nearly two-week lockout, both sides said on Friday.

Shortly after the lockout began, the union said outstanding issues included pensions, benefits and compensation for working in a remote region. The previous contract expired on Dec. 31, 2013.

Mike Pulak, a staff representative for United Steelworkers, said workers would begin returning to the McArthur River, Saskatchewan mine and Key Lake mill as early as Friday.

There was "pressure exerted on all sides equally" to get a deal, Pulak said in a phone interview. Through "open lines of communication, we managed to break through on our last issues and get a good deal."

He declined to specify terms of the deal because the union's bargaining committee, which is recommending acceptance, has not yet shared terms with workers. Cameco spokesman Rob Gereghty also declined to disclose details.

Cameco locked out workers Aug. 30 after the union's bargaining committee rejected the company's offer on Aug. 28. The union had earlier issued a strike notice for Aug. 30.

Gereghty said the company was arranging to return workers to the northern Saskatchewan sites and could not estimate when production would resume.   Continued...