📈 Fed's first cut since 2020: Time to buy the dip? See Tech-focused stock picksUnlock AI Picks

Workers to continue strike at Canada's Bombardier, union rejects company's proposal

Published 06/25/2024, 02:26 PM
Updated 06/25/2024, 04:31 PM
© Reuters. FILE PHOTO: Airplanes in production on the factory floor as Canadian business jet maker Bombardier holds an investor day at their plant in Mississauga, Ontario, Canada May 1, 2024. REUTERS/Carlos Osorio/File Photo
BDRBF
-

(Reuters) - Canadian workers' union Unifor said on Tuesday its members at Bombardier (OTC:BDRBF) will continue their ongoing strike action after rejecting, what it called, a "final proposal" from the business-jet maker.

Two of the union's local units, 112 and 673, announced the strike action at the company after failing to reach an agreement by June 22.

The 1,350 workers from these units are engaged in building Bombardier's long-range Global series aircraft at the Toronto-based Pearson international airport facility.

The union said on Tuesday it considered the company's offer as "insufficient", adding that "both the parties remain apart on key union priorities".

© Reuters. FILE PHOTO: Airplanes in production on the factory floor as Canadian business jet maker Bombardier holds an investor day at their plant in Mississauga, Ontario, Canada May 1, 2024. REUTERS/Carlos Osorio/File Photo

Bombardier and Unifor are to continue negotiations, the union said, without disclosing details.

Bombardier was not available immediately for comment.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.