Members of Local 793 of the International Union of Operating Engineers have ratified a new three-year Highrise Formwork Collective Agreement.

The agreement was ratified by members at a meeting April 28 in the union’s banquet hall in Oakville.

The agreement runs from May 1, 2013 to April 30, 2016 and affects operating engineers across the province working in the highrise concrete formwork sector.

The agreement provides for a total monetary package increase of $4.15 an hour over three years.

Operators working under the agreement will receive an increase of $1.35 an hour as of May 1, 2013, another $1.40 an hour on May 1, 2014, and another $1.40 an hour on May 1, 2015.

In addition to the monetary package, the agreement also contains language that requires tower crane erection and dismantling work to be done by Local 793 operators and/or subcontractors.