St. Lawrence Seaway workers went on strike just before midnight on Saturday, following unsuccessful negotiations. Unifor National President Lana Payne highlighted the workers’ commitment to achieving a fair agreement, lamenting the employer’s lack of significant progress in the two days leading up to the deadline. A strike notice had been filed on October 18, with the final deadline for negotiations set for 11:59 p.m. on Saturday, October 21.
While Unifor Quebec Director Daniel Cloutier emphasized their commitment to good-faith negotiations up to the last minute, he also stressed the importance of not compromising workers’ rights. Despite the current impasse, Cloutier remains hopeful that discussions will resume and the employer will reassess their stance.
The St. Lawrence Seaway Management Corporation released a statement at the commencement of the strike, commenting that the union “continues to insist on wage increases inspired by automotive-type negotiations,” while previous comments suggest higher tolls may be required for the seaway as a result of any agreed to terms with the union.
The Canadian Federation of Independent Business (CFIB) voiced serious concerns regarding the strike’s potential impact on the broader Canadian economy. After experiencing detrimental supply chain disruptions from the lengthy BC ports strike earlier this year, the CFIB warns of the potential financial implications of another major strike affecting a critical trade route.
Small businesses, already grappling with challenges such as inflation, labour shortages, and weak demand, face potential losses in sales, revenue, and inventory due to strike-related delays. In light of these concerns, the CFIB has urged the government to ensure the St. Lawrence Seaway’s continuous operation during the ongoing negotiations. Furthermore, the CFIB is advocating for federally regulated workers, crucial to the supply chain, to be designated as essential workers, thereby preventing similar future strikes.
The five unions on strike under the labor action employ an estimated 360 individuals. The waterway itself in 2022 saw over $16.7 billion worth of goods flow through its network.
Information for this story was found via Unifor, CFIB, CBC News and the sources mentioned. The author has no securities or affiliations related to the organizations discussed. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.
