For
immediate release

Colleges and Faculty Reach Tentative Agreement

Existing contract to be extended for two years

TORONTO, August 29, 2012:

Ontario’s 24 colleges today announced that a
tentative agreement has been reached with 10,000 college faculty.

“This is great news for our students,
faculty and the colleges, as it secures a new contract for two years and
removes the threat of a strike,” said Sonia Del Missier, Chair of the Colleges’
Bargaining Team. “Both sides bargained hard and came to a settlement that is
reasonable to faculty and affordable for the colleges.”

Terms
of Tentative Agreement

• Two-year deal - September 1,
  2012 to August 31, 2014


• Faculty salaries would be
  frozen


• Eligible faculty would still
  move through the grid


• All benefits would remain
  untouched


• The offer asks for no
  concessions from faculty

For more information on college bargaining
please visit www.collegebargainingfacts.com .

For
media inquiries:

David
Scott

416-786-1641