Velan Inc. Announces Strike at Williston, Vermont Location
07 Octubre 2024 - 7:31AM
Velan Inc. (TSX: VLN) (“Velan” or the “Company”), a world-leading
manufacturer of industrial valves announced today that union
members at its Williston, Vermont plant have voted down the
three-year collective agreement negotiated and signed in September.
The collective agreement that the parties had sought to renew had
been in effect since October 1, 2021.
Following this vote on Saturday, October 5, 2024, the union
subsequently voted to strike, with immediate effect. The decision
directly affects under 45 employees, or just under 3% of Velan's
total workforce.
Velan is committed to minimizing the impact on its customers.
Velan's Canadian and International operations are unaffected by the
strike action.
Velan will continue to work with the union to resolve this
dispute and reach a fair resolution. While discussions are ongoing,
there can be no assurances as to when a new collective bargaining
agreement will be entered into.
Contact :Rishi Sharma, Chief Financial
OfficerVelan Inc. Tél. : (438) 817-4430
Velan (TSX:VLN)
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