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Last updated on April 24, 2014 at 11:28 EDT

Candu Energy Inc. marks milestone with first bargaining ratification

June 4, 2012

MISSISSAUGA, ON, June 4, 2012 /CNW/ – Candu Energy Inc. (Candu) is
pleased to announce that its employees represented by the Public
Service Alliance of Canada (PSAC) have voted to ratify a new collective
agreement.  This represents a key milestone for Candu, a private-sector
company which was formed with the acquisition of the commercial reactor
division of Atomic Energy of Canada Limited from the Government of
Canada in October 2011.

“Negotiating new collective agreements with the unions representing
employees at Candu has been a top priority since the acquisition,” said
Kevin Wallace, President and General Manager, Candu Energy Inc. “We
need to be flexible, productive and competitive in an increasingly
crowded global marketplace. Ratification of the new collective
agreement by our PSAC-represented employees provides them with
certainty and demonstrates their commitment to the business and to the
CANDU industry.”

Candu appreciates the goodwill and positive approach PSAC brought to
negotiations which allowed the company and the union to reach a timely
agreement. Formed in 1966, PSAC represents the designers and
draftspeople at Candu, but more broadly represents some 172,000 people
across Canada and at embassies and consulates abroad.  Over the past
five months, Candu has been in ongoing negotiations with the two unions
representing its employees to ensure new collective agreements are
competitive, and reflect current market and economic realities.

About Candu

Candu is a leading full-service nuclear technology company providing
nuclear power reactors and nuclear products and services to customers
worldwide. Our 1,400 highly skilled employees design and deliver
state-of-the-art CANDU® reactors, carry out life extension projects,
provide plant life management programs and tools, and offer operation
and maintenance services for existing nuclear power stations.

Candu is a wholly-owned subsidiary of SNC-Lavalin Inc. (TSX: SNC).

SOURCE CANDU Energy Inc.


Source: PR Newswire