"Both parties are still in talks hoping to reach an agreement prior to the lockout," Bret Oestreich, president of the union said in a statement. Canada's Labor Minister Seamus O'Regan said the government received WestJet's lockout notice.
Onex Corp's WestJet on Saturday said that it issued a 72-hour lockout notification to the union representing its maintenance engineers, the Aircraft Mechanics Fraternal Association. The company said that a work stoppage could occur as early as Tuesday unless a deal is reached with AMFA. "Both parties are still in talks hoping to reach an agreement prior to the lockout," Bret Oestreich, president of the union said in a statement.
It says Canadian stocks that tend to generate more earnings from the U.S. span the technology, media, financial, healthcare, industrial, and forest product sectors.