Postmedia closing B.C. printing plant: union
VANCOUVER - The union representing workers at Postmedia (TSX:PNC.B) newspapers in the Vancouver area says the company has decided to close its local printing plant.
A notice posted to the local branch of Unifor, formerly the Communications, Energy and Paperworks Union, says the company wants to either contract out printing or open a new plant that can operate substantially cheaper.
The union says its representatives were informed about the decision by Postmedia CEO Paul Godfrey, who explained that in order to open a new plant, the company and the union would need to reach an agreement that would cut costs by 70 to 75 per cent.
If that doesn't happen, the union says the company plans to contract out printing to Transcontinental, and a contract to make that happen has already been signed.
The union's statement says it will be consulting with its lawyers and meeting with members to discuss how to respond.
A spokesperson for Postmedia could not be immediately reached for comment.