01:37:47 EDT Sat 11 May 2024
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Metro Inc
Symbol MRU
Shares Issued 230,021,730
Close 2023-08-01 C$ 70.56
Market Cap C$ 16,230,333,269
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FP says Metro workers want their $2 "Hero" bump

2023-08-02 09:23 ET - In the News

The Financial Post reports in its Wednesday, Aug. 2, edition that the union representing 3,700 employees at Metro says the grocery chain needs to immediately reinstate the $2 hourly wage increase that grocery workers received during the pandemic if the company wants to end a strike that has shut down 27 supermarkets in and around Toronto for four days. The Post's Jake Edmiston writes that Gord Currie, president of Unifor Local 414, said his members voted to reject the deal in part because it did not bump their wages back up to what they were making in the pandemic. He said, "They want the two dollars back." Metro and its main rivals cut their so-called "hero pay" bonuses for front-line workers on the same day in June, 2020, -- a controversy that pushed the federal government to strengthen its laws against wage-fixing. Mr. Currie said one of the main complaints he heard in meetings with Metro employees was that the deal did not bring back the $2-per-hour wage increase in the first year. He said: "They made no bones about that. They want $2 in the first year. (Metro) told us there's no more money there. So we're going to go back and look for more money obviously and try to get a deal."

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