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Kootenay Savings plans for work stoppage

Kootenay Savings credit union says it’s disappointed mediated talks with unionized employees have broken off.

Seventy-two hour strike and lock-out notice have both been issued to take effect Friday morning.

CEO Brent Tremblay says management was prepared to continue negotiating.

Tremblay says current pension language exposes them to potentially unlimited liability.

He says they’re making contingency plans in case of a work stoppage with details to be announced later.

Affected branches include Castlegar, Trail, and Salmo.

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