Information Services Corp (TSE:ISV) said on Tuesday that the membership of Saskatchewan Government and General Employees' Union Local 2214 (SGEU) has ratified a new collective agreement with respect to Information Services's in-scope employees.
"We appreciate the hard work and commitment of the negotiating teams on both sides of the table in reaching this agreement," said Jeff Stusek, president and chief executive officer of Information Services.
"This shows a mutual regard for the collective bargaining process, and we look forward to continuing our ongoing partnership with SGEU," he added.
The previous collective agreement expired on Sept. 30, 2015. The new four-year agreement, ending Sept. 30, 2019, includes annual wage increases, effective Oct. 1 of each year, consisting of 2 per cent retroactive to 2015, 1.75 per cent in 2016, 1.75 per cent in 2017 and 2 per cent in 2018.
Information Services shares were up 0.1% to C$16.78 on Tuesday.