21:18:08 EDT Sat 11 May 2024
Enter Symbol
or Name
USA
CA



Metro Inc
Symbol MRU
Shares Issued 230,021,730
Close 2023-08-31 C$ 69.64
Market Cap C$ 16,018,713,277
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Metro's unionized employees ratify five-year contract

2023-08-31 17:11 ET - News Release

Mr. Joe Fusco reports

NEW METRO STORE COLLECTIVE AGREEMENT RATIFIED

Metro Ontario Inc., a subsidiary of Metro Inc., is pleased that its unionized employees at 27 Metro locations across the Greater Toronto Area (GTA) have ratified a new five-year collective agreement which provides wage increases, as well as pension and benefits improvements for all employees, including part-time employees.

"We are pleased to have reached a fair and reasonable outcome," said Joe Fusco, senior vice-president, Metro. "Throughout this process, Metro has remained committed to bargaining in good faith and made every reasonable effort to present a serious offer to meet the needs of our employees and our business. Our store employees benefit from wages and working conditions among the highest in the industry, and the new contract maintains those standards. For its part, the company improved its operational flexibility to function effectively in the country's most competitive marketplace."

Metro is looking forward to welcoming its employees and customers back in these 27 GTA stores as of Tuesday, Sept. 5.

About Metro Inc.

With annual sales of more than $19-billion, Metro is a food and pharmacy leader in Quebec and Ontario, providing employment to more than 95,000 people. Its purpose is to nourish the health and well-being of its communities. As a retailer, franchisor, distributor, manufacturer and provider of e-commerce services, the company operates or services a network of 975 food stores under several banners, including Metro, Metro Plus, Super C and Food Basics, and 645 drugstores primarily under the Jean Coutu, Brunet, Metro Pharmacy and Food Basics Pharmacy banners.

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