Tentative deal in lengthy strike at Western Forest Products operations in B.C. - Vancouver Sun | Canada News Media
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Tentative deal in lengthy strike at Western Forest Products operations in B.C. – Vancouver Sun

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The agreement announced Monday morning is tentative, but the company said in a statement that the union had indicated it would recommend its members accept the contract.


A tentative deal has been reached in the dispute between Western Forest Products and the striking United Steelworkers.


CHEK News / Times Colonist

A tentative deal has been reached in the dispute between Western Forest Products and the striking United Steelworkers, providing a likely end to a bitter eight-month strike that has been financially devastating to mill workers and other related businesses on Vancouver Island.

“It’s going to take a while to recover from this. But now we can look to the future,” Port McNeill Mayor Gaby Wickstrom said Monday.

The deal comes just days after mediators Vince Ready and Amanda Rogers re-entered negotiations after pulling out earlier in the week when they said the two sides had no chance of reaching a deal.

The pair had been overseeing negotiations between the company and Steelworkers Local 1-1937, which had been on strike for eight months. It is the longest strike in coastal forest history.

“With the assistance of special mediators, Vince Ready and Amanda Rogers, we have reached a fair and equitable agreement that balances the needs of our employees and our business,” said Don Demens, president and CEO of Western.

“This has been a particularly challenging time and I’m pleased that we were able to find common ground through the efforts of all involved.”

The agreement announced Monday morning is tentative, but the union is recommending members ratify the contract.

“Our union is extremely proud of our members’ solidarity in this extended struggle to achieve a fair collective agreement with Western Forest Products and their associated contractors,” said USW Local 1-1937 president Brian Butler.

Butler said details of the tentative agreement would not be released publicly until members had the chance to review and vote, but he did say the agreement does not contain any concessions.

In an email, Butler said he was in Vancouver Monday to organize when information meetings and ratification votes would be held. He said a schedule with these dates would be out on Tuesday.

Babita Khunkhun, WFP’s senior director of communications, would also not share any details of the agreement until it is ratified, but said the company “is very pleased” a deal was reached “after a long weekend” of negotiations. When all six of WFP’s mills on Vancouver Island will be open again for business will not be clear until after the ratification vote, she said.

“I would say its obviously a challenging time for the operating environment. We’ll be looking to resume operations to meet market demand,” Khunkhun said. “We’ll have those plans to share after the ratification vote.”

Wickstrom, the Port McNeill mayor, did not know the contents of the deal, but noted the striking workers were adamant they wanted no concessions on issues such as contracting out and shifting. She also did not know the timeline involved, but thought it would take several weeks for people to get back to work and even longer for her community to rebound.

“It is going to take a while for people and businesses to recover financially. If you think that they’ll be voting, it will take at least a week or two for that process. Then people will get back to work, so it will probably be three weeks before they get their first pay cheque. So there will still be hardship for them,” she said.

Ready and Rogers were sent back into the dispute on Thursday when Labour Minister Harry Bains re-appointed the pair as special mediators in the collective bargaining dispute.

“This dispute has taken a huge toll on workers and their families as well as the entire coastal forestry community. We want to see everyone get back on the job,” Bains said. “As minister of labour, I have decided to appoint special mediators Ready and Rogers with additional powers under the Labour Relations Code to help the parties reach an agreement as soon as possible.”

lculbert@postmedia.com

–with files from Scott Brown

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Netflix’s subscriber growth slows as gains from password-sharing crackdown subside

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Netflix on Thursday reported that its subscriber growth slowed dramatically during the summer, a sign the huge gains from the video-streaming service’s crackdown on freeloading viewers is tapering off.

The 5.1 million subscribers that Netflix added during the July-September period represented a 42% decline from the total gained during the same time last year. Even so, the company’s revenue and profit rose at a faster pace than analysts had projected, according to FactSet Research.

Netflix ended September with 282.7 million worldwide subscribers — far more than any other streaming service.

The Los Gatos, California, company earned $2.36 billion, or $5.40 per share, a 41% increase from the same time last year. Revenue climbed 15% from a year ago to $9.82 billion. Netflix management predicted the company’s revenue will rise at the same 15% year-over-year pace during the October-December period, slightly than better than analysts have been expecting.

The strong financial performance in the past quarter coupled with the upbeat forecast eclipsed any worries about slowing subscriber growth. Netflix’s stock price surged nearly 4% in extended trading after the numbers came out, building upon a more than 40% increase in the company’s shares so far this year.

The past quarter’s subscriber gains were the lowest posted in any three-month period since the beginning of last year. That drop-off indicates Netflix is shifting to a new phase after reaping the benefits from a ban on the once-rampant practice of sharing account passwords that enabled an estimated 100 million people watch its popular service without paying for it.

The crackdown, triggered by a rare loss of subscribers coming out of the pandemic in 2022, helped Netflix add 57 million subscribers from June 2022 through this June — an average of more than 7 million per quarter, while many of its industry rivals have been struggling as households curbed their discretionary spending.

Netflix’s gains also were propelled by a low-priced version of its service that included commercials for the first time in its history. The company still is only getting a small fraction of its revenue from the 2-year-old advertising push, but Netflix is intensifying its focus on that segment of its business to help boost its profits.

In a letter to shareholder, Netflix reiterated previous cautionary notes about its expansion into advertising, though the low-priced option including commercials has become its fastest growing segment.

“We have much more work to do improving our offering for advertisers, which will be a priority over the next few years,” Netflix management wrote in the letter.

As part of its evolution, Netflix has been increasingly supplementing its lineup of scripted TV series and movies with live programming, such as a Labor Day spectacle featuring renowned glutton Joey Chestnut setting a world record for gorging on hot dogs in a showdown with his longtime nemesis Takeru Kobayashi.

Netflix will be trying to attract more viewer during the current quarter with a Nov. 15 fight pitting former heavyweight champion Mike Tyson against Jake Paul, a YouTube sensation turned boxer, and two National Football League games on Christmas Day.

The Canadian Press. All rights reserved.

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