Hey there, time traveller!
This article was published 12/11/2012 (1386 days ago), so information in it may no longer be current.
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