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Westshore Terminals Investment Corp T.WTE

Alternate Symbol(s):  WTSHF

Westshore Terminals Investment Corporation is a Canada-based company, which owns all of the limited partnership units of Westshore Terminals Limited Partnership (Westshore). The Company invests in Westshore by way of distributions on Westshore's limited partnership units. Westshore operates a coal storage and unloading/loading facility at Roberts Bank, British Columbia. Westshore receives handling charges from its customers for throughput volume. Coal is delivered to the Terminal in unit trains operated by Canadian Pacific Railway, BNSF Railway, and Canadian National Railway. The product is unloaded and either directly loaded onto a ship or stockpiled for future ship loading. The loaded ships are then destined around the globe to approximately 20 different countries. Westar Management Ltd. (the Manager) provides management services to Westshore and administrative services to the Company. The manager also provides insurance and vehicle leasing services to the Company.


TSX:WTE - Post by User

Post by TELEMARKERon Dec 17, 2020 5:10pm
140 Views
Post# 32131078

Strike

Strike

VANCOUVER, BC Dec. 16, 2020 /CNW/ - Westshore Terminals Investment Corporation (TSX: WTE) announces that on December 16, 2020 its wholly-owned subsidiary Westshore Terminals Limited Partnership ("Westshore") 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 for several months with Local 502 for a new collective agreement. The previous collective agreement and those of the two other ILWU Locals at the terminal expired January 31 , 2020. The negotiations with Local 502 are the first of the three.

The strike notice states that the members of Local 502 will stop work at the terminal site on Saturday, December 19 , 2020. That stoppage would result in the complete suspension of operations at the terminal.

Negotiations have involved conciliation under the Federal Labour Code since September 16 , 2020. Further talks are scheduled between Westshore and Local 502.

SOURCE Westshore Terminals Investment Corporation

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