Vancouver-based Westshore Terminals (WTE) has reached a tentative labour agreement with
the International Longshore and Warehouse Union, ending a strike that began in September of
this year.
The company said that work will again resume at the terminal as the union looks to ratify the
new collective agreement with its membership.
Westshore is Canada's busiest coal export terminal, handling more than 33 million tonnes of
coal annually and providing billions in dollars of export revenue to the British Columbia
economy.
Terms of the six-year agreement with Union Local 502 were not disclosed. The deal is subject
to a ratification vote by union members by the end of October.
Westshore Terminals still must negotiate new labour pacts with two other unions – the
International Longshore and Warehouse Union Locals 514 and 517, with talks scheduled to
begin later this year.
Westshore says its annual throughput volume for 2022 is now estimated at 24 to 25 million
tonnes, down from an earlier estimate of 27.5 million tonnes.
The company said the reduction in volumes reflects the impact of the labour strike.
Westshore Terminals stock is down 7% this year and trading at $25.09 per share.
