Canadian grocery retailer Metro (MRU) says it has reached a tentative agreement with workers who had been on strike at 27 of its locations in the Greater Toronto Area (GTA).
Details of the new collective agreement have not yet been made public.
In a written statement, Metro said the deal has been recommended by Unifor, the union representing the Toronto workers, and will end the labour dispute if ratified in an upcoming vote.
Metro’s employees in Toronto went on strike July 29 after rejecting an earlier labour agreement.
The company and union went back to the bargaining table earlier this week, a month after the strike began.
The workers were seeking higher wages as well as better working conditions and more full-time jobs. Some workers have said they struggle to afford groceries at the stores they work at due to rising inflation.
The union had previously said that the Toronto workers want a bigger share of Metro’s profits, which have grown substantially since the Covid-19 pandemic.
The Competition Bureau found that Canada’s three largest grocers, Metro included, collectively reported more than $100 billion in sales and $3.6 billion in profits in 2022.
Metro’s stock has risen a slight 0.97% over the last 12 months to trade at $69.75 per share.
