07:22:59 EDT Sat 11 May 2024
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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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Globe/CP say TO Metro workers ratify new deal

2023-09-01 07:51 ET - In the News

The Globe and Mail reports in its Friday edition that Metro workers from 27 stores in the Greater Toronto Area have a new collective agreement after a month-long strike. A Canadian Press dispatch to The Globe reports that the workers represented by Unifor voted to ratify a second tentative deal just two days after Metro was granted a temporary injunction restricting secondary picket lines that blocked fresh product deliveries to its stores. Unifor spokesman Paul Whyte said in a statement that under the new five-year deal, which the union is calling "historic," all workers will get an immediate raise of $1.50 an hour. He said full-time and senior part-time workers will get an additional 50-cent raise in January, bringing their total pay increase over the coming months to $2-an-hour. Metro senior vice-president Joe Fusco said in a statement that the grocer is pleased to have reached a fair and reasonable deal, and looks forward to welcoming workers and customers back to the 27 affected stores on Tuesday, Sept. 5. More than 3,700 workers had been on strike since July 29. The wage improvements were front-loaded to get more money in workers' pockets faster, and so they would compound over time, said Mr. Whyte.

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