Teck Resources, Canada’s largest diversified miner, reached a five-year agreement with unionized employees at its Trail Operations.
Teck will incur a one-time, after-tax charge to earnings in the second quarter of approximately $34 million related to a signing bonus and enhancements to pension and post-retirement benefits of which about three quarters will be a non-cash accrual.
No other details of the agreement were released.
Teck’s Trail Operations is one of the world’s largest zinc and lead smelting and refining plants.
Image of Trail Smelter in 1929 from BC Archives
