- Workers at Rogers Sugar Inc. have been on strike since September over wage issues, benefits and the company’s demand to increase refinery operations to 24 hours a day, 365 days a year
- The Public and Private Workers of Canada (PPWC) Local 8 representing workers at the company’s Vancouver refinery rejected Rogers’ latest proposal
- More information will likely be made available when Rogers Sugar holds its Q1 2024 conference call on Feb. 8, 2024
- Rogers Sugar stock opened 1.07 per cent lower to trade at C$5.59 per share
There’s a bitter sugar shortage in Western Canada but it hasn’t taken a bite out of a major producer’s share price.
Workers at Rogers Sugar Inc. (TSX:RSI) have been on strike since September over wage issues, benefits and the company’s demand to increase refinery operations to 24 hours a day, 365 days a year.
As a result, grocery shelves in baking aisles have been bare of sugar products. chocolatier Constance Popp of Winnipeg told CTV News, “We all get our sugar from the same place. And those places mostly get it from Rogers. So right now, it’s a little bit tricky.”
After the Public and Private Workers of Canada (PPWC) Local 8 representing workers at the company’s Vancouver refinery rejected Rogers’ latest proposal, the company issued the following statement: “We have put forward our best efforts to resolve the current impasse, including offering several improvements during negotiations. We are disappointed that an acceptable solution has not been found. Given the union bargaining committee’s current position, at this time we are pausing negotiations.”
More information will likely be made available when Rogers Sugar holds its Q1 2024 conference call on Feb. 8.
Rogers Sugar, owned by Lantic Inc. operates cane sugar refineries in Montreal and Vancouver. Its Vancouver plant is one of only three large sugar refineries in Canada that processes imported cane sugar.
Though 2.64 per cent lower over the past year, Rogers Sugar stock is up 4.31 per cent over the past month, but opened 1.07 per cent lower on Monday to trade at C$5.59 per share.
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