icon
icon
icon
icon
$300 Off
$300 Off

News /

Newswires /

LCBO Workers in Ontario Ratify Three-Year Collective Agreement After Strike

AinvestMonday, Jul 22, 2024 4:45 am ET
1min read

Ontario's Liquor Control Board of Ontario (LCBO) workers have approved a three-year collective agreement after a strike. The deal ensures job security, protects public revenues, and includes wage and benefit enhancements. The contract also establishes 1,000 permanent part-time retail positions and 60 permanent full-time roles. Union officials have praised the agreement but criticized the government's policies as favoring corporate interests over public welfare.

The Ontario Liquor Control Board of Ontario (LCBO) workers' persistent efforts have yielded fruit as they recently approved a three-year collective agreement. The strike, which lasted two weeks, served as a testament to the workers' unwavering commitment to protecting good jobs and public revenues [1].

The newly ratified contract ensures job security for LCBO employees, safeguards public revenues, and includes wage and benefit enhancements. Moreover, the deal establishes 1,000 permanent part-time retail positions and 60 permanent full-time roles, marking a significant victory for the union.

Colleen MacLeod, Bargaining Team Chair, expressed her pride in the workers' accomplishments. "Our members stood strong, held strong lines, and talked to their communities. They won," MacLeod said, reflecting on the strike's success [1].

However, the union officials expressed concerns over the government's policies, which they perceive as prioritizing corporate interests over public welfare. MacLeod emphasized the need for a future where the LCBO and its revenues continue to grow with Ontario, rather than being undermined by the government's controversial plans [1].

The strike also highlighted the potential negative consequences of Doug Ford's 'alcohol everywhere' plan for the province. JP Hornick, President of the Ontario Public Service Employees Union (OPSEU/SEFPO), the union representing LCBO workers, asserted, "Ontarians are more aware than ever that Ford's plan isn't for them, it's for big box CEOs" [1].

References:
[1] Finance.yahoo.com. (2024, July 21). LCBO workers vote to ratify contract after two-week strike. Retrieved from https://finance.yahoo.com/news/lcbo-workers-vote-ratify-contract-200100152.html

View Source

Comments

Add a public comment...
Post
User avatar and name identifying the post author
ConstructionOk6948
07/22
Here's my comment: "I don't have any interest in the LCBO. As a conservative investor, I prioritize capital preservation and steady income, so I tend to focus on low-risk investment strategies. Strikes and labor negotiations do not impact my investment decisions."
0
Reply
Disclaimer: the above is a summary showing certain market information. AInvest is not responsible for any data errors, omissions or other information that may be displayed incorrectly as the data is derived from a third party source. Communications displaying market prices, data and other information available in this post are meant for informational purposes only and are not intended as an offer or solicitation for the purchase or sale of any security. Please do your own research when investing. All investments involve risk and the past performance of a security, or financial product does not guarantee future results or returns. Keep in mind that while diversification may help spread risk, it does not assure a profit, or protect against loss in a down market.
You Can Understand News Better with AI.
Whats the News impact on stock market?
Its impact is
fork
logo
AInvest
Aime Coplilot
Invest Smarter With AI Power.
Open App