A deal signed last month to avert a major transit strike will cost the city $176 million. It provides a 13 per cent wage increase for over 13,000 TTC workers over three years.
The cost of labour peace between the TTC and its largest union will be $176 million over the next three years, as the chair of the transit commission is defending the deal struck last month to avert a strike.A deal signed last month to avert a major transit strike will cost the city $176 million. It provides a 13% wage increase for over 13,000 TTC workers over 3 years.
TTC chair Jamaal Myers defended the expense to taxpayers and stressed a work stoppage would have cost Toronto's economy millions. Coun. Stephen Holyday was the lone vote against ratifying the TTC/ATU contract deal at the agency's last board meeting. He isn't sure how the city will pay for the $176 million agreement.
Coun. Stephen Holyday is a member of the TTC board and was the only member of that group to vote against the new agreement. Holyday said the deal could also influence how negotiations play out between the city and unions that represent its workers. Later this year, Toronto is set to bargain with both CUPE Local 79 and 416, unions that represent over 30,000 workers.
Arianne Robinson said the TTC deal was within the envelope of funds that was passed by the TTC board.
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