ISC and SGEU Local 2214 Reach New Five-Year Collective Agreement
MWN-AI** Summary
On March 3, 2026, Information Services Corporation (ISC) and the Saskatchewan Government & General Employees’ Union (SGEU) announced a new five-year collective agreement for SGEU Local 2214 members, marking a significant milestone in labor relations. The agreement, which extends until September 30, 2030, comes after the previous contract expired on September 30, 2025, and introduces a series of annual wage increases designed to help employees keep pace with rising living costs.
Under the terms of the agreement, employees will receive a 3 percent wage increase retroactively for 2025, followed by 3 percent in 2026, another 3 percent in 2027, and 2 percent increments in 2028 and 2029. This structured increase reflects a mutual commitment to enhancing workplace stability while ensuring that ISC’s in-scope employees are fairly compensated. Shawn Peters, President and CEO of ISC, emphasized the importance of the partnership with SGEU in supporting their service goals and operations.
Steve LaVallee, SGEU's ISC Bargaining Chair, expressed satisfaction with the outcomes of the negotiations, noting the advancements made for union members within the workplace. The agreement is especially relevant in the context of current economic challenges, reinforcing the union’s commitment to advocating for its members.
ISC, listed on the Toronto Stock Exchange (TSX: ISC), is recognized as a leader in public data and records management, operating with a focus on delivering high-quality services while exploring new growth avenues. Established in 1913, SGEU represents 20,000 members across various sectors in Saskatchewan, reinforcing the union's longstanding commitment to improving conditions for workers in the province.
MWN-AI** Analysis
The recent ratification of a five-year collective agreement between Information Services Corporation (ISC) and the Saskatchewan Government & General Employees’ Union (SGEU) Local 2214 represents a significant milestone for both the organization and its employees. This new agreement, effective from October 1, 2025, includes substantial annual wage increases totaling 15% over its duration, with retroactive pay commencing from 2025. Such wage enhancements are crucial as they address inflationary pressures and rising living costs for employees, ultimately leading to higher job satisfaction and productivity.
From an investment perspective, ISC’s commitment to supporting its workforce, coupled with the anticipated wage increases, is likely to enhance operational stability and service delivery over the next five years. This stability is essential for maintaining client trust and ensuring uninterrupted service in their registry operations, which are critical to maintaining their market position.
Moreover, the mention of exploring new growth opportunities highlights ISC’s strategic focus amid evolving market conditions. Investors should closely monitor how these business strategies unfold, as successful execution could lead to expanded revenue streams and improved financial performance.
However, investors should remain cautious of the inherent risks associated with forward-looking statements made by ISC, particularly regarding market volatility and changing economic conditions. The company must navigate the complexities of competition and customer expectations while adapting to technological advancements.
In light of the new collective agreement and ISC's ongoing commitment to quality service and growth, the stock may present a viable option for investors seeking stability amidst market uncertainty. It would be prudent to evaluate ISC’s performance in subsequent quarters, especially in the context of operating margins and customer retention, which will be pivotal in realizing the projected growth and profitability.
**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.
REGINA, Saskatchewan, March 03, 2026 (GLOBE NEWSWIRE) -- Information Services Corporation (TSX:ISC) (ISC or the Company) and the Saskatchewan Government & General Employees’ Union (SGEU) announced today that the membership of SGEU Local 2214 has ratified a new collective agreement with respect to ISC’s in-scope employees.
“This agreement enhances the stability of our registry operations and reflects the strong partnership we have with SGEU,” said Shawn Peters, President and CEO. “The new collective agreement reinforces our commitment to supporting our people and allows us to stay focused on delivering best in class service. I want to thank both negotiating teams for their hard work and look forward to growing together with a supportive partner in SGEU.”
“This is an agreement that helps our members meet the rising cost of living,” said SGEU's ISC Bargaining Chair, Steve LaVallee. “Our union is proud of the advances we’ve made in this workplace. We're grateful for the strong support of our members through this process.”
The previous collective agreement expired on September 30, 2025. The new five-year agreement ending September 30, 2030 includes annual wage increases effective October 1 of each year, consisting of 3 per cent retroactive to 2025, 3 per cent in 2026, 3 per cent in 2027, 2 per cent in 2028 and 2 per cent in 2029.
About ISC
Headquartered in Canada, ISC is a leading provider of registry and information management services for public data and records. Throughout our history, we have delivered value to our clients by providing solutions to manage, secure and administer information through our Registry Operations, Services and Technology Solutions segments. ISC is focused on sustaining its core business while pursuing new growth opportunities. The Class A Shares of ISC trade on the Toronto Stock Exchange under the symbol ISC.
About SGEU
The Saskatchewan Government and General Employees’ Union has been working together for Saskatchewan since 1913. Today, SGEU represents 20,000 members in five sectors across Saskatchewan. Visit sgeu.org to learn more.?
Cautionary Note Regarding Forward-Looking Information
This news release contains forward-looking information within the meaning of applicable Canadian securities laws, including, without limitation, those contained in the “Outlook” section hereof, statements related to the industries in which we operate, growth opportunities, our future financial position, results of operations, the progress of the Strategic Review, the results thereof and the terms, timing completion or effects of any transaction undertaken pursuant thereto. Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those expressed or implied by such forward-looking information. Important factors that could cause actual results to differ materially from the Company's plans or expectations include, without limitation, risks relating to changes in economic, market and business conditions, changes in technology and customers’ demands and expectations, reliance on key customers and licences, dependence on key projects and clients, securing new business and fixed-price contracts, identification of viable growth opportunities, implementation of our growth strategy, competition, termination risks and other risks detailed from time to time in the filings made by the Company including those detailed in ISC’s Annual Information Form for the year ended December 31, 2024 and ISC’s unaudited Condensed Consolidated Interim Financial Statements and Notes and Management’s Discussion and Analysis for the third quarter ended September 30, 2025, copies of which are filed on SEDAR+ at sedarplus.ca.
The forward-looking information in this release is made as of the date hereof and, except as required under applicable securities laws, ISC assumes no obligation to update or revise such information to reflect new events or circumstances.
Investor Contact
Jonathan Hackshaw
Senior Director, Investor Relations & Capital Markets
Toll Free: 1-855-341-8363 in North America or 1-306-798-1137
investor.relations@isc.ca
Media Contact
Jodi Bosnjak
External Communications Specialist
Toll Free: 1-855-341-8363 in North America or 1-306-798-1137
corp.communications@isc.ca
Media Contact
Brent Hill
Communications Officer, SGEU
Phone: 306-775-7233
E-mail: bhill@sgeu.org
FAQ**
How does the new collective agreement with SGEU under Information Services Corp IRMTF enhance the stability of registry operations for ISC moving forward?
What specific growth opportunities does ISC foresee in the coming years as it implements this new agreement with SGEU under Information Services Corp IRMTF?
Can you detail how the annual wage increases outlined in the collective agreement reflect the company's commitment to its employees as per Information Services Corp IRMTF?
What risks might ISC encounter in executing its growth strategy alongside the recent partnership with SGEU under Information Services Corp IRMTF?
**MWN-AI FAQ is based on asking OpenAI questions about Information Services Corp (OTC: IRMTF).
NASDAQ: IRMTF
IRMTF Trading
-3.24% G/L:
$31.8243 Last:
330 Volume:
$32.89 Open:
