A new collective agreement, impacting businesses working in the storage and distribution of petroleum products sector, was signed this July.

Changes of note include: a recalculation of termination pay benefits with a significant increase of 5%, a 5% increase in severance retirement pay and several other socially responsible initiatives relating to the management of workers with HIV / AIDS and the provision of personal accident insurance for the benefit of workers assigned to high-risk jobs.

It takes effect on 1st January 2015.