Business
Empire and TUAC 501 end Strike at the Donald Sobey Distribution Centre in Terrebonne, Quebec
Empire and TUAC 501 end Strike at the Donald Sobey Distribution Centre in Terrebonne, Que...
About this update from Empire Co Ltd Class A
[{"type":"text","content":"\n \n \n \n Empire and TUAC 501 end Strike at the Donald Sobey Distribution Centre in Terrebonne, Quebec\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n STELLARTON, NS\n \n \n ,\n \n \n May 10, 2022\n \n \n /CNW/ - Empire Company Limited (\"Empire or the \"Company\") (TSX: EMP.A) is pleased to announce that members of TUAC 501 have voted to ratify a new three-year collective bargaining agreement, ending the strike at the Donald Sobey Distribution Centre (\"distribution centre\") in\n \n Terrebonne, Quebec\n \n .\n \n \n The Company is happy to welcome its teammates back to the distribution centre and looks forward to resuming services from this facility to its\n \n Quebec\n \n network of stores.\n \n \n The strike started on\n \n February 7, 2022\n \n . The incremental impact of the strike on earnings per share is estimated to be\n \n $0.05\n \n and will affect earnings in the fourth quarter of fiscal 2022.  The incremental costs are largely transportation costs.\n \n \n ABOUT EMPIRE\n \n \n Empire Company Limited (TSX: EMP.A) is a Canadian company headquartered in\n \n Stellarton, Nova Scotia\n \n . Empire's key businesses are food retailing, through wholly-owned Sobeys Inc., and related real estate. With approximately\n \n $29.2 billion\n \n in annual sales and\n \n $16.4 billion\n \n in assets, Empire and its subsidiaries, franchisees and affiliates employ approximately 134,000 people.\n \n \n FORWARD-LOOKING INFORMATION\n \n \n This document contains forward-looking statements which are presented for the purpose of assisting the reader to understand management's expectations regarding the Company's strategic priorities, objectives and plans. These forward-looking statements may not be appropriate for other purposes. Forward-looking statements are identified by words or phrases such as \"calls for\" \"anticipates\", \"expects\", \"believes\", \"estimates\", \"intends\", \"could\", \"may\", \"plans\", \"predicts\", \"projects\", \"will\", \"would\", \"foresees\" and other similar expressions or the negative of these ...