Get 40% Off
💰 Buffett reveals a $6.7B stake in Chubb. Copy the full portfolio for FREE with InvestingPro’s Stock Ideas toolCopy Portfolio

WestJet issues 72-hour lockout notification to union

Published 05/04/2024, 03:11 PM
Updated 05/04/2024, 07:00 PM
© Reuters. FILE PHOTO: WestJet airline signage is pictured at Vancouver's international airport in Richmond, British Columbia, Canada, February 5, 2019.  REUTERS/Ben Nelms/File Photo
ONEX
-

(Reuters) -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.

Canada's Labor Minister Seamus O'Regan said the government received WestJet's lockout notice. In a post on social media platform X, O'Regan said, "Federal mediators are supporting the parties to reach a deal at the bargaining table."

The 72-hour lockout notice does not mean travel disruption will occur, WestJet said in a statement, adding that in the coming days it will take necessary action to manage impacts.

WestJet said it will prepare to operate a reduced schedule, manage changes and cancellations and provide flexible change and cancel options to customers.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.