Rogers Sugar (RSI.TO) on Thursday said Le Syndicat des Travailleuses et Travailleurs de Sucre Lantic - CSN, the union that represents the majority of employees at its Montreal refinery, ratified a new five-year agreement.
The previous agreement expired on May 31, said the company and added that over the past few months, the company and the union have met on several occasions with the objective of reaching a new collective agreement.
The Montreal refinery employs about 240 unionized workers.
"The ratification of this five-year agreement is a positive outcome for everyone at the Montreal refinery," said chief executive Mike Walton. "We are committed to a stable and productive working environment, and this agreement reflects that shared interest. This new agreement will anchor our continued commitment to our customers and support the completion our LEAP project, strengthening our position as a leading supplier to the Canadian food industry."
The company's shares were last seen up $0.065 to $6.895 on the Toronto Stock Exchange.
Price: $6.90, Change: $+0.07, Percent Change: +1.02%