- Rogers Sugar Inc. (TSX:RSI) announced that it has ratified a five-year labour agreement with unionized workers at its Vancouver refinery
- Workers had 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 Vancouver refinery employs around 140 unionized workers
- Rogers Sugar stock opened trading at C$5.58 per share
Rogers Sugar Inc. (TSX:RSI) announced that it has ratified a five-year labour agreement with unionized workers at its Vancouver refinery.
Workers had 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 had been bare of sugar products.
The Vancouver refinery employs around 140 unionized workers.
“We believe this agreement meets the needs of the employees and the organization, and it enables us to serve our customers, increase output and meet growing demand for our product,”, Rogers Sugar’s President and CEO, Mike Walton said in a media release. “We are pleased that the workers at our Vancouver refinery have ratified this agreement, and we look forward to returning to full production in Vancouver to support our customers in Western Canada.”
The sugar company had reached a tentative agreement with the Public and Private Workers of Canada (PPWC) Local 8, subject to ratification and will require a vote from unionized employees.
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 nearly 2 per cent lower over the past year, Rogers Sugar stock is up nearly 3 per cent over the past month, and opened trading up 0.54 per cent at C$5.58 per share.
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