RE:strike The strike is a big risk to shareholders. All the rosy predictions for Q4 are out the window in the event of a strike. Labor is in a good position with the worker shortage and all the inflationary pressures. Look what has happened with John Deere. Workers rejected a 10% pay raise, more raises in future years, and a $8,500 bonus.
I am not sure if the average investor is even aware of the potential strike right now. It is not showing up under the stock ticker news feeds. How many people read MyCaribooNow? Most investors are not as sharp and aware as the investors on this message board.
https://www.mycariboonow.com/76311/gibraltar-union-votes-98-in-favour-of-strike/
Gibraltar Union votes 98% in favour of strike
Darin Bain, staff
Thursday, Nov. 4th, 2021
The bargaining committee, representing union workers at the Gibralter Mine, are now armed with a strong strike mandate
Curtis Finley, President of Unifor Local 30-18, says members voted 98 percent in favour of going on strike if necessary.
“The mass majority of the membership did come and vote. Up at the mine we work four different shifts and we run 24 hours a day so we had to set up a total of 4 meetings. One was last week in Williams Lake, the other one was virtually in Quesnel because of the restrictions, the COVID restrictions, and then this week we did the same thing, one in Williams Lake and again virtually in Quesnel. They ended last (Wednesday) night at 8-30 pm, and then our election committee tallied up the votes and it was at 98 percent.”
Here, Finley outlines the next steps.
“Going forward with the national rep from UNIFOR we will set up a meeting with the company and hopefully we can get back to bargaining and get a fair deal for everyone up here. If the company doesn’t want to bargain or is still standing strong on their first proposal, the local will issue 72 hour strike notice.”
[snip]