VANCOUVER, British Columbia (AP) — British Columbia’s port workers voted almost 75% in favor of a contract offer, ending weeks of turbulent job action that stopped billions of dollars’ worth of goods from being shipped in Canada.
In a statement on the International Longshore and Warehouse Union Canada website late Friday, president Rob Ashton confirmed the result. The dispute had shut down ports on Canada’s west coast last month for nearly two weeks and spurred several business groups and political leaders to call for back-to-work legislation.
Federal Labor Minister Seamus O’Regan tweeted that both the ILWU and the BC Maritime Employers Association ratified the deal, ending the dispute. O’Regan said, however, that he is directing federal officials to review the entire case to avoid a port disruption of this magnitude from happening in the future.
The employers association said in a statement that it ratified the four-year deal, which “includes increases in wages, benefits and training that recognizes the skills and efforts of B.C.’s waterfront workforce."
The approval of the contract, which covers about 7,400 workers, comes after the union rejected a mediated settlement twice in July — once through the group’s leadership caucus, another by full membership.
Before you make your next trade, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis.
Our team has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and none of the big name stocks were on the list.
They believe these five stocks are the five best companies for investors to buy now...
See The Five Stocks Here
Which stocks are likely to thrive in today's challenging market? Click the link below and we'll send you MarketBeat's list of ten stocks that will drive in any economic environment.
Get This Free Report
