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Stock impact report

Workers at Crown Royal bottling plant in southwestern Ontario ratify closure deal [BNN Bloomberg (Canada)]

Diageo plc (DEO) 
US:NYSE Investor Relations: diageo.com/en/investors
Company Research Source: BNN Bloomberg
Unifor Local 200 president John D'Agnolo said 89 per cent of workers at the Diageo plant in Amherstburg, Ont., voted in favour of a closure agreement the union negotiated with the employer. He said the vote was conducted just one day before the workers' contract expired on Dec. 2, which could have left them with the minimum benefits required under labour laws if a deal was not reached. “We knew that, we realized that, and the company recognized that,” he said in an interview Wednesday. “I told them we need to sit down and go over and see what we can do to get as much as we can for the members.” D'Agnolo said the deal provides the 165 union members with extra pay on top of the severance pay they are entitled to under the collective agreement. He said the union bargained “a substantial increase” on top of the two weeks of pay for each year of seniority. “An extra, I don't want to call it a bonus, but money on top of that, depending on your years of seniority,” he said. He s Show less Read more
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