Another Group Unionizes
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Another Group Unionizes
I wonder what took them so long? Better late than never I guess. It's unfortunate that it did not come early enough to save some of the other @ 3,000 jobs that got contracted out.
https://www.cbc.ca/news/canada/calgary/ ... -1.6036010
https://www.cbc.ca/news/canada/calgary/ ... -1.6036010
Re: Another Group Unionizes
I wonder however, how many of those who lost their jobs , voted to approve the sale along with the $$$ for their shares. I guess a case of the devil you know vs the one you don't.
Re: Another Group Unionizes
Nobody got to vote on the sale, it was a done deal before ever being revealed to the employees.
Re: Another Group Unionizes
I thought the sale was approved by the shareholders (including employee owners)?
(WJA.TO) says its shareholders and optionholders voted to approve a proposed acquisition by Onex Corporation. The Calgary-based airline says 92.5 per cent of those who voted did so in favour of the transaction at a special meeting held Tuesday.Jul. 23, 2019
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Re: Another Group Unionizes
I wasn't invited.Longtimer wrote: ↑Sat May 29, 2021 6:17 pm I thought the sale was approved by the shareholders (including employee owners)?(WJA.TO) says its shareholders and optionholders voted to approve a proposed acquisition by Onex Corporation. The Calgary-based airline says 92.5 per cent of those who voted did so in favour of the transaction at a special meeting held Tuesday.Jul. 23, 2019
Re: Another Group Unionizes
All WS shareholders could either attend the special meeting or vote either via the Internet with the identification code supplied, or send in a paper vote. Quite a few employees I know attended the special meeting and voted there. I used the Internet method. A package was sent via mail with the purchase prospectus to all shareholders, to their address on record (for employees and likely many retirees, that would be the address AST would have, as supplied by WS, assuming they had shares in their AST account). Incorrect or no available address information or the address of a broker or proxy would be reasons why a shareholder wouldn’t have received their prospectus and voting instructions directly.
Re: Another Group Unionizes
Yes, but the reality is the number of shares held by employees other than BoD members were not sufficient in numbers to sway the vote either way.aerobod wrote: ↑Sat May 29, 2021 10:18 pm All WS shareholders could either attend the special meeting or vote either via the Internet with the identification code supplied, or send in a paper vote. Quite a few employees I know attended the special meeting and voted there. I used the Internet method. A package was sent via mail with the purchase prospectus to all shareholders, to their address on record (for employees and likely many retirees, that would be the address AST would have, as supplied by WS, assuming they had shares in their AST account). Incorrect or no available address information or the address of a broker or proxy would be reasons why a shareholder wouldn’t have received their prospectus and voting instructions directly.
Re: Another Group Unionizes
I don't know any employees in the IT Dept or any in the spectrum of other depts I know who voted against the merger (I'm sure there were some, as 7.5% of shareholders didn't vote for it), so the big shareholders were aligned with the employees, AFAIK.FL410AV8R wrote: ↑Mon May 31, 2021 7:31 amYes, but the reality is the number of shares held by employees other than BoD members were not sufficient in numbers to sway the vote either way.aerobod wrote: ↑Sat May 29, 2021 10:18 pm All WS shareholders could either attend the special meeting or vote either via the Internet with the identification code supplied, or send in a paper vote. Quite a few employees I know attended the special meeting and voted there. I used the Internet method. A package was sent via mail with the purchase prospectus to all shareholders, to their address on record (for employees and likely many retirees, that would be the address AST would have, as supplied by WS, assuming they had shares in their AST account). Incorrect or no available address information or the address of a broker or proxy would be reasons why a shareholder wouldn’t have received their prospectus and voting instructions directly.