MONTREAL, Sept. 10, 2018 /CNW Telbec/ - Yellow Pages
Limited (TSX: Y) ("Yellow Pages" or the "Company") announced today
the lock out of its approximately 130 of its unionized Quebec sales representatives.
Despite numerous bargaining sessions, the intervention
of a conciliator, and the Company's willingness to reach an
agreement, the Company has concluded that the union has been
inflexible during negotiations to renew the Sales Collective
Bargaining agreement for Quebec.
Given the deadlock, the Company was faced with no realistic choice
but to impose a lockout.
Yellow Pages reassures its customers that they will continue to
be well-served by management during the lockout.
"This decision is one of many crucial actions the Company has
had to take over the last year to ensure its recovery and
sustainability in an ever-changing and highly competitive business.
Without question, the status quo is incompatible with
the dynamic, hypercompetitive marketplace we now serve. We
are committed to our objective to create a Company that delights
our customers, provides stable and rewarding jobs for all of our
over 1,000 employees across Canada, and gives a fair return to our
investors," said David A. Eckert,
President and Chief Executive Officer.
Eckert continued, "The Company is fully amenable to returning to
the bargaining table, provided the union demonstrates a sincere
willingness to accept that the market we are serving has changed
dramatically."
About Yellow Pages Limited
Yellow Pages Limited (TSX:
Y) is a Canadian digital media and marketing company that creates
opportunities for buyers and sellers to interact and transact in
the local economy. Yellow Pages holds some of Canada's leading local online properties
including YP.ca, Canada411.ca, 411.ca and Bookenda.com.
The Company also holds the YP, YP Shopwise, YP Dine,
Canada411, 411 and Bookenda mobile applications and Yellow Pages
print directories. In addition, Yellow Pages is a leader in
national advertising through its businesses devoted to servicing
the marketing needs of large North American brands, including
Mediative and JUICE. For more information visit
www.corporate.yp.ca.
SOURCE Yellow Pages Limited