Cyber Monday Deal: Up to 60% off InvestingProCLAIM SALE

Unifor Members Persist With Bombardier Strike After Rejecting Final Offer

Published 26/06/2024, 19:50
© Reuters.  Unifor Members Persist With Bombardier Strike After Rejecting Final Offer
BDRBF
-

Benzinga - by Nabaparna Bhattacharya, Benzinga Editor.

Unifor, the Canadian workers’ union, announced that its members at Bombardier Inc. (OTC:BDRXF) (OTC:BOMBF) will persist with their strike following the business-jet manufacturer’s rejection of what it termed a final offer.

“Both the union and the company will remain at the bargaining table and further updates on negotiations will be provided at the appropriate time,” Unifor said in a statement.

The union expressed caution as both parties remain apart on certain “key union priorities.”

“However, specific details of the negotiations will not be made public to protect the integrity of the bargaining process,” Unifor added.

Union locals 112 and 673 initiated the strike at the company after negotiations failed to yield an agreement by June 22nd.

Reuters reported that the 1,350 workers from these units manufacture Bombardier’s long-range Global series aircraft at the Pearson International Airport facility in Toronto.

Yesterday, the union characterized the company’s offer as “insufficient,” noting significant differences in key union priorities, Reuters added.

Mark Masluch, a spokesperson for Bombardier, told CBC News that the collective goal is to “swiftly reach a mutually beneficial agreement.”

Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Read Next: Tesla China Gets Morale Boost As Laid-Off Employees Return: Report

Photo via Wikimedia Commons

© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Read the original article on Benzinga

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.