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Rogers Sugar Inc T.RSI.DB.E


Primary Symbol: T.RSI Alternate Symbol(s):  RSGUF | T.RSI.DB.F

Rogers Sugar Inc. is a provider of sugar products to the Canadian market. The Company operates through two segments: Sugar, which includes refined sugar and by-products, and Maple, which includes maple syrup and maple derived products. The Company operates through its wholly owned subsidiaries, Lantic Inc. (Lantic) and The Maple Treat Corporation (TMTC). Lantic sugar products include granulated, icing, cube, yellow and brown sugars, liquid sugars and specialty syrups. Lantic also operates a distribution center in Toronto, Ontario. Lantic operates cane sugar refineries in Montreal, Quebec and Vancouver, British Columbia, as well as the Canadian sugar beet processing facility in Taber, Alberta. TMTC products include maple syrup and derived maple syrup products supplied under retail private label brands in over 50 countries and are sold under various brand names. TMTC operates bottling plants in Granby, Degelis and St-Honore-de-Shenley, Quebec and in Websterville, Vermont.


TSX:RSI - Post by User

Comment by iwasgoldon Jan 03, 2024 10:03pm
263 Views
Post# 35809858

RE:The waves are predicting a settlement soon.

RE:The waves are predicting a settlement soon.I have a serious number of shares, so this strike means a lot to me.  What I see is two sides who are entrenched completely in their positions. The union is refusing to work the company schedule, and the company is refusing to allow any other schedule. Things like money can be agreed to eventually, but principles are difficult to drop. It's only my two cents, but I don't see this one getting settled soon. I would be surprised if anything changed in January or February.  I see lots of Tiger sugar on the grocery store shelves, so sales will be down this quarter and next. If the dividend is to stay, the comnpany has to be saving more money in wages than it is losing in sales, roughly speaking.  I would not buy more shares in this environment.  Reading between the lines, the company is iimplying that closing the facility is a possibility.  If that happens, we can say goodbye to the divvie for multiple years as money is diverted to a new location.  I don;t think the union believes closure could happen,  It appears to be, on the surface, a question of union workers not giving up weekends and 8 hour shifts, while the company wants rotating twelve hour shifts regardless of the day of the week. While there are countless people who would take those company shifts, they don't get a vote.  If this is to end with workers going back, the company may have to bribe them with much higher wages. This of course defeats the purpose of the shifts, so, what will happen?  One of the two sides will have to blink. It does not seem to be a question of wages, rather than shifts, and there are not many ways to shuffle shifts. So I think it is going to go down to the wire, when the company is losing too much business or market share or money, and the workers losing too many paycheques, like a couple of boxers punching each other into the hospital but unable to back off, they'll stagger until someone falls over.. 
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