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Teck Coal Elkview Collective Agreement


Teck Resources announced that employees of Operation Elkview and the De Fording River Operation are ratifying the new five-year collective agreements ratified. Investor Contact: Fraser Phillips Senior Vice President, Investor Relations and Strategic Analysis 604.699.4621 fraser.phillips@teck.com Teck`s Connect Magazine is our company-wide communication source. In this quarterly publication, we highlight the accomplishments of staff, community engagement activities, a letter from our CEO and much more. Visit www.teck.com/connect to read the current volume and archived volumes of Connect. In 2019, we have faced increasingly difficult market conditions in our raw materials, particularly for steel coal. This economic uncertainty necessitated the implementation of a company-wide cost-cutting program, which included the elimination of 500 full-time jobs worldwide through a combination of direct retirements, retirements and exhaustion, the elimination of temporary or contract employment and the non-renewal of current job openings. «Coal prices were at their lowest at the time, so we weren`t in a hurry to get nothing,» said Alex Hanson, president of ETC 9346. «But the markets have recovered markedly over the past 12 months and helped union members reach an agreement.» Media Contact: Chris Stannell Public Relations Manager 604.699.4368 chris.stannell@teck.com Both agreements saw a one-year wage freeze in recognition of difficult market conditions, but 2 percent wage increases for the remainder of the corresponding five-year agreements. «It is clear that the majority of Fording and Elkview members support the agreements,» said ETC 7884 President Don Takala, «This is how the democratic process works.» It was the first time that the greatest workers in the Elk Valley had worked together to reach an agreement. Vancouver, B.C. – Teck Resources Limited (TSX: TECK. A and TECK. B, NYSE: TECK («Teck») announced today that the workers` union, Teck Carmen de Andacollo, which represents 473 workers at Teck Carmen de Andacollo Operations (CdA) in Chile, has ratified a new 36-month collective agreement.