Inco, a Canadian mining company entangled in a series of conflicting takeover bids, has agreed with a labor union to preserve all jobs at its main operations even if the company is acquired. The promise is part of a tentative agreement the company and the United Steelworkers reached on Monday. If workers accept the agreement, wages will rise by $2.50 an hour over the contract period, profit sharing will continue and pensions and other benefits will be improved.
See "Canadian Mining Giant in a No-Layoff Labor Pact", Ian Austen, The New York Times, May 30, 2006