Article content material
VANCOUVER, British Columbia, Dec. 14, 2023 (GLOBE NEWSWIRE) — Rogers Sugar Inc. (the “Firm” or “Rogers Sugar”) (TSX: RSI) as we speak introduced that the Public and Non-public Staff of Canada (PPWC) Native 8 representing employees on the Firm’s Vancouver refinery has rejected the newest world proposal by the Firm.
The Firm offered the next assertion:
Article content material
“Rogers Sugar has repeatedly communicated to the union that steady operation on the Vancouver refinery is important to protect and create jobs, meet rising market demand, and to make sure the way forward for the plant. The established order is solely not an choice. Sadly, the events haven’t been in a position to come to an settlement on the truth that, to outlive in the long run, the plant wants to maneuver to steady operation.
Commercial 2
Article content material
We have now put ahead our greatest efforts to resolve the present deadlock, together with providing a number of enhancements throughout negotiations. We’re upset that an appropriate answer has not been discovered. Given the union bargaining committee’s present place, at the moment we’re pausing negotiations.
We take our accountability in supplying our clients very critically. We’re taking measures to search out options that meet their ongoing necessities within the brief time period in addition to in the long run. There’s an ample provide of white sugar available in the market, and we have now restarted the manufacturing of brown sugar in Vancouver.
We’re working the Vancouver refinery at a diminished capability, and we have now enough uncooked sugar on website to proceed to take action till Could 2024 if obligatory.
Rogers Sugar stays totally dedicated to reaching a mutually agreeable decision that secures a powerful future for the plant and its workers, and returns the ability to full manufacturing as quickly as attainable. Nonetheless, we’re agency in our goal to help the long-term progress within the Canadian market which gives hundreds of jobs in meals manufacturing throughout Canada. We’re hopeful that, by shifting to steady operation, the Vancouver plant can proceed to be a part of this long-term answer.”
Commercial 3
Article content material
About Rogers Sugar Inc.
Rogers Sugar is an organization established underneath the legal guidelines of Canada. The Company holds the entire frequent shares of Lantic Inc. (“Lantic”), and its administrative workplace is in Montréal, Québec. Lantic has been refining sugar for 135 years and operates cane sugar refineries in Montreal, Québec and Vancouver, British Columbia, in addition to the one Canadian sugar beet processing facility in Taber, Alberta. Lantic additionally operates a distribution heart in Toronto, Ontario. Lantic’s sugar merchandise are marketed underneath the “Lantic” trademark in Japanese Canada, and the “Rogers” trademark in Western Canada and embrace granulated, icing, dice, yellow and brown sugars, liquid sugars and specialty syrups. Lantic owns the entire frequent shares of The Maple Deal with Firm (“TMTC”) and its head workplace is headquartered in Montréal, Québec. TMTC operates bottling crops in Granby, Dégelis and in St-Honoré-de-Shenley, Québec and in Websterville, Vermont. TMTC’s merchandise embrace maple syrup and derived maple syrup merchandise provided underneath retail non-public label manufacturers in roughly fifty international locations and are bought underneath numerous model names. The Firm’s aim is to supply the very best quality sugars and sweeteners to fulfill its clients.
FOR FURTHER INFORMATION, PLEASE CONTACT:
Mr. Jean-Sébastien Couillard
Vice President of Finance, Chief Monetary Officer & Company Secretary
Tel: (514) 940-4350
traders@lantic.ca
Web site: www.lanticrogers.com
Article content material