22:23:19 EDT Fri 26 Apr 2024
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Westshore Terminals Investment Corp
Symbol WTE
Shares Issued 63,257,835
Close 2022-09-13 C$ 29.54
Market Cap C$ 1,868,636,446
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Westshore receives strike notice for Roberts Bank

2022-09-13 20:43 ET - News Release

Mr. Glenn Dudar reports

WESTSHORE TERMINALS RECEIVES STRIKE NOTICE FROM ILWU LOCAL 502

On Sept. 13, 2022, Westshore Terminals Investment Corp.'s wholly owned subsidiary Westshore Terminals Limited Partnership received 72-hour strike notice from Local 502 of the International Longshore and Warehouse Union (ILWU), pertaining to Westshore's coal export terminal at Roberts Bank, British Columbia. Westshore has been in negotiations since October, 2021, with Local 502 for a new collective agreement. The previous collective agreement and those of the two other ILWU locals at the terminal expired Jan. 31, 2022. The negotiations with Local 502 are the first of the three.

The strike notice states that the members of Local 502 will commence strike action against Westshore commencing on Sept. 16, 2022. That stoppage would result in the complete suspension of operations at the terminal.

Negotiations have involved conciliation/mediation under the Federal Labour Code since March 29, 2022. While strike notice has been served, the parties remain in contact and continue to have the assistance of the mediator.

Update information will be provided as warranted.

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