The International Longshore and Warehouse Union (ILWU) and BC Maritime Employers Association (BCMEA) said in a joint statement they are recommending their members to ratify it. Union members have until Friday to vote on the offer, CIRB ruled.
“The ILWU and the BCMEA reached a new tentative agreement, with the help of the Canada Industrial Relations Board. In a joint statement, both parties agreed to recommend ratification,” O’Regan said in a tweet Monday.
“Our ports are operating, but this deal — made by the parties — would mean long-term stability.”
2:17 B.C. port strike may resume after workers reject mediated deal
The ILWU and the BCMEA reached a new tentative agreement, with the help of the Canada Industrial Relations Board.
In a joint statement, both parties agreed to recommend ratification.
Our ports are operating, but this deal – made by the parties – would mean long-term stability.
For 13 days this month beginning July 1, some 7,400 port workers at 30 ports in the province walked off the job, stalling billions worth of cargo from moving in or out at some of Canada’s busiest terminals.
That strike came to an end when the sides reached a tentative deal, but that was rejected by union leaders on July 18. Workers were briefly back to the picket lines, but that move was deemed illegal by the industrial relations board as 72-hour notice was not provided.
The union issued a new 72-hour strike notice only to rescind it hours later, then announced it would recommend the deal to members in a full vote. But members rejected it last week.
0:48 B.C. port strike: Unionized workers vote to reject proposed contract settlement
Details of the new deal reached Sunday haven’t yet been released. The deal that was turned down was a four-year offer that included hikes in wages and benefits.
The union has expressed concern over the practice of contracting out maintenance work, saying Sunday it “will lead to an erosion of our workforce and expertise, ultimately jeopardizing the stability and efficiency of Canada’s maritime industry.”
A source within the minister’s office told Global News on background Monday that if the tentative deal was rejected again, the issue would return to the CIRB, which could use the tools provided by O’Regan on Saturday.
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O’Regan said he was directing the industrial relations board to determine if a negotiated end to the dispute was still possible, and if not, to impose an agreement or final binding arbitration.
Pressure had been mounting for federal intervention if a deal failed to eventuate.
Parties including Alberta Premier Danielle Smith, the Business Council of Canada and the Canadian Federation of Independent Business have all urged the federal government to legislate an end to the dispute if it continued.
Prime Minister Justin Trudeau said Monday that while “labour negotiations can be extremely difficult,” his government has been “actively focused on keeping conversations going at the bargaining table.”
“There have been concerns and worries about how things were unfolding over the past days, but we now have a situation where there is another offer, there is another potential deal on the table, and we’re, as always, hopeful that negotiation at the bargaining table continues to be at the centre of what everyone needs to continue to do,” he said.
4:12 B.C. port strike: Crippling impact on Canadian economy
The 13-day strike held earlier this month cost roughly $10 billion in lost trade, the Greater Vancouver Board of Trade estimated.
TORONTO – Cineplex Inc. reported a loss in its latest quarter compared with a profit a year ago as it was hit by a fine for deceptive marketing practices imposed by the Competition Tribunal.
The movie theatre company says it lost $24.7 million or 39 cents per diluted share for the quarter ended Sept. 30 compared with a profit of $29.7 million or 40 cents per diluted share a year earlier.
The results in the most recent quarter included a $39.2-million provision related to the Competition Tribunal decision, which Cineplex is appealing.
The Competition Bureau accused the company of misleading theatregoers by not immediately presenting them with the full price of a movie ticket when they purchased seats online, a view the company has rejected.
Revenue for the quarter totalled $395.6 million, down from $414.5 million in the same quarter last year, while theatre attendance totalled 13.3 million for the quarter compared with nearly 15.7 million a year earlier.
Box office revenue per patron in the quarter climbed to $13.19 compared with $12 in the same quarter last year, while concession revenue per patron amounted to $9.85, up from $8.44 a year ago.
This report by The Canadian Press was first published Nov. 6, 2024.
TORONTO – Restaurant Brands International Inc. reported net income of US$357 million for its third quarter, down from US$364 million in the same quarter last year.
The company, which keeps its books in U.S. dollars, says its profit amounted to 79 cents US per diluted share for the quarter ended Sept. 30 compared with 79 cents US per diluted share a year earlier.
Revenue for the parent company of Tim Hortons, Burger King, Popeyes and Firehouse Subs, totalled US$2.29 billion, up from US$1.84 billion in the same quarter last year.
Consolidated comparable sales were up 0.3 per cent.
On an adjusted basis, Restaurant Brands says it earned 93 cents US per diluted share in its latest quarter, up from an adjusted profit of 90 cents US per diluted share a year earlier.
The average analyst estimate had been for a profit of 95 cents US per share, according to LSEG Data & Analytics.
This report by The Canadian Press was first published Nov. 5, 2024.
ST. JOHN’S, N.L. – Fortis Inc. reported a third-quarter profit of $420 million, up from $394 million in the same quarter last year.
The electric and gas utility says the profit amounted to 85 cents per share for the quarter ended Sept. 30, up from 81 cents per share a year earlier.
Fortis says the increase was driven by rate base growth across its utilities, and strong earnings in Arizona largely reflecting new customer rates at Tucson Electric Power.
Revenue in the quarter totalled $2.77 billion, up from $2.72 billion in the same quarter last year.
On an adjusted basis, Fortis says it earned 85 cents per share in its latest quarter, up from an adjusted profit of 84 cents per share in the third quarter of 2023.
The average analyst estimate had been for a profit of 82 cents per share, according to LSEG Data & Analytics.
This report by The Canadian Press was first published Nov. 5, 2024.
