Globe and Mail reaches tentative deal with union

Fri Jul 3, 2009 12:35am EDT
 
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TORONTO, July 3 (Reuters) - Canada's Globe and Mail newspaper has agreed to a tentative deal with unionized workers, potentially averting a strike, a union official said on Friday.

Workers will likely vote on Monday on whether to accept the deal, Brad Honywill, president of Local 87-M of the Communications, Energy and Paperworkers union, told Reuters.

The union represents about 450 workers at the national paper, which is a division of CTVglobemedia. Honywill declined to provide details on the agreement.

CTVglobemedia is owned by the Ontario Teachers' Pension Plan; Torstar Corp (TSb.TO), which publishes the Toronto Star newspaper; BCE Inc (BCE.TO), parent of Bell Canada; and the Woodbridge Co, an investment vehicle for Canada's billionaire Thomson family. Woodbridge is also the biggest shareholder of Thomson Reuters (TRI.N) (TRI.TO). (Editing by Anshuman Daga)

 

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