VANCOUVER – The founder of a number of Canada’s biggest English-language daily newspapers says it plans to offer two houses in Alberta and British Columbia in a bid to pay-down debt and reduce costs. Monday soon to take the marketplace would be the Kennedy Heights producing plant in Surrey, B.C., and the Calgary Herald building, released Post press (TSX:PNC.B) magazines.
The Kennedy Heights plant provides the Province and the Vancouver Sun. TC Transcontinental Printing will start creating the Calgary Herald in November, and Post media said it’s questioned union representatives in discount shipping to “develop alternatives” towards the Kennedy Heights place. A spokesman for Post press couldn’t be instantly reached for comment.
“Union representatives will soon be consulting with our lawyer and meeting with people to talk about our next steps,” said Uniform local 2,000, previously the Communications, Energy and Paperworkers Union, within an online statement. The declaration said union representatives were informed in regards to the choice Monday by Post press CEO Paul Godfrey, who offered two possible choices.
One option for your company in British Columbia would be to open a brand new place, but as long as the union and the company could achieve an agreement that would spend less by 70 to 75 percent. This kind of contract will have to take position by mid-November, the union said. The union said the organization plans to deal out printing to Transcontinental, if that doesn’t occur. The union said the organization already includes a agreement set up with Transcontinental.
The union’s statement mentioned its collective agreement stipulates “there is likely to be no loss of work of any regular employee through the life of the agreement because of this of” contracting-out. H Engler, vice-president of Uniform local 2,000, declined to elaborate on the statement but said people were likely to meet in the plant Monday night. Post press owns a few newspapers, such as the National Post, Vancouver Sun and the Ottawa Citizen.
The media company reported in July it recorded a lack of $112.2 million in the most up-to-date quarter. Their operating loss was $95.6 million, in comparison with an operating revenue of $4.1 million in the next quarter of 2012. In July, Moody’s Investors Service downgraded Post media’s score to negative from secure because of the media company’s declining cash-flow because it transitions into a business. Netherlands’ safety ministry, which can be scrambling to find more than 300 million Euros in additional savings, is certainly going to remove its new logistics service ship, in accordance with Dutch press accounts.
The ship, Karel Doorman, is going to be sold before it’s commissioned, Trouw newspaper reported recently. The price of the ship is just about $480 million. Below is an artists’ notion due to holland Defence Ministry. The country’s military may also refuse a battalion, based on press studies. You’ll find ideas it might be among four armored infantry battalions, although it’s still unknown which battalion. The movements can be released Sept. 17, based on Trouw.
The information offers some Defense Watch viewers indicating Canada must act now. The Dutch ship is brand new, still being produced while Canada’s Joint-support Ship (two of these) will be constructed -it could fill the gap for a new offer ship, readers argue. Some Defense Watch visitors have suggested the Dutch will come to a decision on whether to offer some of these military’s CV-90s (probably for this military personnel cuts?). I haven’t seen any information with this however many readers claim that any sale might interest Canada.
That could be a deal because the Close Combat Vehicle plan is some time this fall to declare a successful bidder. The CV-90, with other vehicles, has been considered. In a move which could net the customs brokerage canada Government over £250 million, Savills is directed to offer Macdonald House, the country’s High Commission making at 1 Grosvenor Square in Central London. The Federal Government has long had plans to house its overall diplomatic mission at Canada House, which overlooks Trafalgar Square and served as HQ for Canada’s military in the Next World War. It thinks consolidating its base in London will save you money.
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