MONTREAL, Jan. 25, 2019 /CNW Telbec/ - Yellow Pages
Limited (TSX: Y) ("Yellow Pages" or the "Company") announced today
that its sales representatives in Toronto have ratified a new collective
bargaining agreement, bringing to a substantial close a year-long
process of restructuring and modernizing the Company's relationship
with its unionized sales representatives across Canada.
All of the completed agreements provide the Company new ability
to reward superior performers, compensate them for profitable
revenue growth, assign accounts to them in ways that it deems best
for the Company and its customers, evaluate and manage individuals
based on results, and make changes promptly, in response to the
shifting needs of its competitive marketplace.
"The process has been long and challenging, but we are extremely
pleased with the outcome. We have now laid the groundwork
necessary for achieving real improvement in our revenue trends, for
the benefit of all of our constituencies. I want to thank our
talented sales professionals for their support and flexibility, and
for their leadership as we move forward together," commented
David Eckert, President and Chief
Executive Officer of Yellow Pages.
With the Toronto ratification,
new agreements are now in place covering all but a dozen of the
Company's hundreds of unionized sales representatives.
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. For
more information visit www.corporate.yp.ca.
SOURCE Yellow Pages Limited