Business

Winnipeg Free Press - PRINT EDITION

Business watch

By: Staff Writer

Posted: 11/13/2012 1:00 AM | Comments: 0

Merged union sets date for first convention

TORONTO -- Canada's largest private-sector union will hold its founding convention on Labour Day weekend 2013 in Toronto.

The three-day event merging the Canadian Auto Workers and the Communications, Energy and Paper Workers unions will open on Friday, Aug. 30, and run until Sunday.

That will allow delegates to carry banners with the new union name during Labour Day events in their communities.

The founding convention will approve the union's constitution, name and logo, and elect its first leaders.

National meetings of the new union's Canadian council will take place in Vancouver in 2014 and Montreal in 2015.

Delegates to CAW and CEP conventions voted overwhelmingly over the past few months to create the union that will fight aggressively against attacks on the labour movement by governments and others.

The new union will represent more than 300,000 workers across roughly 20 economic sectors.

IKEA to address claims

BERLIN -- Swedish furniture giant Ikea will release a report this week addressing claims it benefited from forced labour in communist East Germany, the company and victims groups said Monday.

The report by independent auditors Ernst & Young looks into allegations IKEA used East German suppliers who employed prisoners -- some of whom were political dissidents -- to manufacture goods for its stores from the 1960s to 1980s.

"We hope this will be a first step toward a broader investigation into the use of forced labour in East Germany," Rainer Wagner, chairman of the victims' group UOKG, told The Associated Press. "IKEA is only the tip of the iceberg," he said, noting similar allegations have been levelled against West German mail-order companies and former state-owned East German companies that were privatized after unification in 1990.

The company declined to discuss the findings ahead of Friday's release of the report, which was commissioned after a Swedish television documentary in June repeated claims first aired in Germany last year.

Cargojet bumps dividend

MISSISSAUGA, Ont. -- Cargojet Inc. (TSX:CJT) is increasing its dividend five per cent as the air-freight carrier reported Monday its revenues and profits from continuing operations increased in the third quarter.

The Ontario-based company has increased its quarterly dividend to 14.91 cents per share, payable Jan. 4 to shareholders of record Dec. 20.

Cargojet's net income including discontinued operations decreased nearly 30 per cent to $947,000 or 12 cents per share for the period ended Sept. 30. That compared with $1.35 million or 17 cents per share in the prior period.

But pre-tax operating earnings (EBITDA) increased 16 per cent to $5.1 million from $4.4 million in the year-ago period. Revenues were $41.8 million, up nearly 3.7 per cent from the same period in 2011.

-- from the news services

Republished from the Winnipeg Free Press print edition November 13, 2012 B7

Fact Check

Have you found an error, or know of something we’ve missed in one of our stories? Please use the form below and let us know.

* Required

In which story did you find the error? *
Please post the headline of the story or the title of the video with the error.
What was the error? *
Please post exactly what was wrong with the story.
What should we have written?
Please indicate your source for the correct information.
Who else should we interview to improve this story?
Please include any contact information you may have.
Can we contact you in the future for advice on stories about this topic?
Yes

No
First Name: *
Last Name: *
E–mail Address: *
This will only be used to contact you if we have a question about your submission, it will not be used to identify you or be published.
Phone: *
This will only be used to contact you if we have a question about your submission, it will not be used to identify you or be published.
Colour:
Are you blue? If you can see this, leave it blank and get some CSS support.
Enter the words that you see: * This is to prevent our forms from being filled out automatically.
You have failed to correctly identify the words in the box above. Please try again.

More Business

Undock

You can comment on most stories on winnipegfreepress.com. You can also agree or disagree with other comments. All you need to do is register and/or login and you can join the conversation and give your feedback.

Have Your Say

New to commenting? Check out our Frequently Asked Questions.

The Winnipeg Free Press does not necessarily endorse any of the views posted. By submitting your comment, you agree to our Terms and Conditions. These terms were revised effective April 16, 2010.