Advertisement
Canada markets open in 6 hours 32 minutes
  • S&P/TSX

    21,942.16
    +148.26 (+0.68%)
     
  • S&P 500

    5,482.87
    +4.97 (+0.09%)
     
  • DOW

    39,164.06
    +36.26 (+0.09%)
     
  • CAD/USD

    0.7292
    -0.0009 (-0.12%)
     
  • CRUDE OIL

    82.25
    +0.51 (+0.62%)
     
  • Bitcoin CAD

    84,367.61
    +1,197.13 (+1.44%)
     
  • CMC Crypto 200

    1,282.99
    -0.84 (-0.07%)
     
  • GOLD FUTURES

    2,337.10
    +0.50 (+0.02%)
     
  • RUSSELL 2000

    2,038.34
    +20.22 (+1.00%)
     
  • 10-Yr Bond

    4.2880
    -0.0280 (-0.65%)
     
  • NASDAQ futures

    20,119.50
    +80.00 (+0.40%)
     
  • VOLATILITY

    12.24
    -0.31 (-2.47%)
     
  • FTSE

    8,179.68
    -45.65 (-0.55%)
     
  • NIKKEI 225

    39,583.08
    +241.54 (+0.61%)
     
  • CAD/EUR

    0.6813
    -0.0004 (-0.06%)
     

Canadian union Unifor announces strike action against Bombardier

FILE PHOTO: Canadian business jet maker Bombardier holds an investor day at their plant in Mississauga

(Reuters) - Canadian workers' union Unifor said on Sunday that 1,350 of its members are on strike at jet-maker Bombardier's facilities after the two sides were unable reach a tentative agreement before the Saturday deadline.

The union's bargaining committee members are working towards an agreement and both parties remain committed to continuing the bargaining process, Unifor said in a statement.

"Bombardier is continuing to negotiate with all parties," company spokesman Mark Masluch said in an emailed statement to Reuters, adding that the goal remains to "swiftly reach a mutually beneficial agreement".

Negotiations continued throughout Saturday night, Unifor said, with both parties agreeing to resume discussions early Monday morning.

ADVERTISEMENT

Unifor, a general trade union, did not immediately respond to a Reuters request for comment on the details of the strike while Bombardier declined to comment on the same.

This follows a similar strike by Unifor in July 2021 at Bombardier's Toronto business jet assembly plant, which lasted a week before a three-year collective agreement was ratified, including wage increases and higher monthly pension benefits.

(Reporting by Surbhi Misra in Bengaluru; Editing by Aurora Ellis)