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DHL CDR (CAD Hedged)
Symbol DHL
Shares Issued 60,000
Close 2025-06-25 C$ 11.36
Market Cap C$ 681,600
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Globe says DHL reaches tentative deal with workers

2025-06-26 07:00 ET - In the News

The Globe and Mail reports in its Thursday edition that Unifor and DHL Express Canada have reached a tentative deal for a new collective agreement after months-long negotiations and a strike that lasted more than two weeks. The Globe's Vanmala Subramaniam writes that Unifor negotiator Sivadas Santosh said that union representatives and DHL spent most of Tuesday evening and Wednesday morning hashing out a deal, and managed to come to an agreement that the union was somewhat content with. "We didn't get everything we wanted, but we got some big wage wins," Mr. Santosh said. Unifor and DHL settled on a four-year agreement with a cumulative wage increase of 15.75 per cent. The agreement is retroactive to Jan. 1, 2025, and workers will also get a $500 lump-sum bonus. The union had wanted a 15-per-cent wage increase spread over a three-year agreement. DHL was offering a 15-per-cent pay bump spread over four years. Unifor's previous agreement with DHL, which was active between January, 2020, and January, 2025, included annual wage increases of 2.5 per cent. DHL said it expected to resume operations after the deal was ratified. The union has recommended that its members vote in favour of the deal and return to work.

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