07:40:39 EDT Sun 12 May 2024
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Metro Inc
Symbol MRU
Shares Issued 230,021,730
Close 2023-08-29 C$ 70.37
Market Cap C$ 16,186,629,140
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FP says judge ends blockade of Metro warehouses

2023-08-30 07:56 ET - In the News

The Financial Post reports in its Wednesday edition that an Ontario judge has ordered an end to a union blockade of Metro's Toronto warehouses after almost a week of picketing that disrupted deliveries of fresh meat and produce around the province. The Post's Jake Edmiston writes that Metro said the ruling would "end the illegal blockade" and allow it to start restocking shelves. The decision, however, still allows the union to temporarily hold up trucks at the warehouses in west-end Toronto. While the union initially vowed to continue to picket the warehouses until both sides came to a deal to end a month-long strike at 27 Metro stores in and around the city, it released a statement later in the day saying the parties were returning to the negotiating table and that it would stand down, at least for now. Unifor spokesman Paul Whyte said, "As a gesture of good faith Unifor will discontinue picketing at Metro warehouses, although entitled to continue doing so as per the judge's interim order." Local president Gord Currie said workers want a higher raise in the first year of the deal to replace the controversial "hero pay" bonus of $2 per hour that Metro and its main rivals removed on the same day in June, 2020.

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