Vancouver Port's Grain Workers Strike in Midst of Harvest Season [Yahoo! Finance]
GLENCORE PLC UNSP/ADR (GLNCY)
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Source: Yahoo! Finance
Most Read from Bloomberg The Grain Workers Union Local 333 served a 72-hour strike notice on Saturday, and the measure took effect at 7 a.m. Pacific Time on Tuesday after talks with the Vancouver Terminal Elevator Association fell through. Vancouver handled about 52% of grain produced across Canada last year, according to the Grain Growers of Canada trade group, which is calling on the federal labor minister to step in and ensure the parties reach an agreement. The stoppage could prevent about 100,000 metric tonnes of grain from arriving at the port's shipping terminals each day, meaning a potential loss of C$35 million ($26 million) daily, the association said, citing Canadian Grain Commission estimates. “Without intervention, Canada's international trading reputation will continue to suffer, leading to the loss of key global markets and customers,” the Grain Growers group said. Tuesday's walkout follows recent industrial disputes across the country involving rail workers, p
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