NextStar Energy workers ratify their 1st collective agreement
In a news release issued Sunday afternoon, Unifor said its members at NextStar Energy have voted 88 per cent in favour of ratifying their first collective agreement, "marking a historic milestone for workers" at the southwestern Ontario plant.
"Bargaining a first collective agreement is never easy, and this one took place in an exceptionally difficult economic and political climate," Unifor national president Lana Payne said in the news release.
"The work of our bargaining committee at NextStar Energy ensures that as the electric vehicle sector grows, good union jobs grow with it."
The one-year agreement includes a five per cent wage increase and gains on wages, wage progression, pensions, short- and long-term disability programs, and workplace health and safety.
It also certifies Unifor and Local 444 as the exclusive bargaining agent for employees at the Windsor facility.
"By ratifying this collective agreement, our members have secured a voice at work and a seat at the table as this industry takes shape in Canada. We're ready to build the future — together," Unifor Local 444 president James Stewart said in a news release.
Unifor said the agreement's one-year term positions workers at NextStar Energy to return to the bargaining table in 2026, aligning closely with the next round of Unifor negotiations with Detroit Three automakers.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
a few seconds ago
- Yahoo
Saskatchewan, Ottawa to boost farming program in response to trade issues and drought
REGINA — Saskatchewan's government and Ottawa say they're providing additional support to a farm income stabilization program in response to trade issues and dry conditions. The province says farmers who use AgriStability will see an increase in their compensation rate from 80 per cent to 90 per cent, resulting in larger payouts if eligible margins decline. It says the maximum payment cap is doubling from $3 million to $6 million per operation, and livestock producers will see a new inventory valuation method for feed used on the farm. Federal Agriculture Minister Heath MacDonald says the changes aim to give farmers more protection. Areas of southern Saskatchewan and Alberta are in a drought, which has decimated crop yields. Farmers are also dealing with trade uncertainty due to tariffs from China and the United States. This report by The Canadian Press was first published July 21, 2025. The Canadian Press Sign in to access your portfolio
Yahoo
a few seconds ago
- Yahoo
Better disaster recovery needed as frequency grows: insurance bureau
The Insurance Bureau of Canada is calling for national discussions about how to better manage rebuilding after disasters as their cost and frequency grow. The bureau is asking the federal government to lead talks with provinces on disaster recovery as efforts to rebuild Jasper, Alta., encounter delays a year after a wildfire destroyed about a third of the town's buildings. IBC says that as of July 7, officials have only issued rebuilding permits for 56 of the 358 buildings that burned down, a much slower process than after the 2016 Fort McMurray wildfires. Part of the complication is the added regulation from the town being in a national park, but IBC says a lack of co-ordinated and standardized response is also an issue. Craig Stewart, vice-president of climate change and federal issues at IBC, says delays in rebuilding are happening more frequently after major disasters so there needs to be more co-ordination such as a central agency to help manage the recovery. The calls come as July 22 marks one year from when the Jasper wildfire caused an estimated $1.2 billion in insured damage, just one of several disasters last year that caused about $8.5 billion in combined insured damage. This report by The Canadian Press was first published July 21, 2025. The Canadian Press
Yahoo
a few seconds ago
- Yahoo
DeFi Technologies Announces Commencement of Options Trading on Nasdaq
TORONTO, July 21, 2025 /PRNewswire/ - DeFi Technologies Inc. (the "Company" or "DeFi Technologies") (Nasdaq: DEFT) (CBOE CA: DEFI) (GR: R9B), a financial technology company bridging the gap between traditional capital markets and decentralized finance, today announced that the Company's common stock is now available for options trading on the Nasdaq Options Market ("Nasdaq"). Trading in DeFi Technologies' options commenced on June 21, 2025 under the ticker symbol "DEFT" and include a range of standard expiration dates and strike prices. This listing of options is expected to expand investor access and may enhance liquidity in the Company's shares, providing investors with added flexibility to manage risk, leverage positions and express views on the Company's future stock performance. DeFi Technologies believes this milestone reflects continued growth in investor interest and confidence in the Company's long-term strategic outlook. Options trading on DeFi Technologies is available through the Options Clearing Corporation ("OCC") and will be subject to standard rules and regulations established by Nasdaq and the OCC. About DeFi TechnologiesDeFi Technologies Inc. (Nasdaq: DEFT) (CBOE CA: DEFI) (GR: R9B) is a financial technology company bridging the gap between traditional capital markets and decentralized finance ("DeFi"). As the first Nasdaq-listed digital asset manager of its kind, DeFi Technologies offers equity investors diversified exposure to the broader decentralized economy through its integrated and scalable business model. This includes Valour, which offers access to over sixty-five of the world's most innovative digital assets via regulated ETPs; Stillman Digital, a digital asset prime brokerage focused on institutional-grade execution and custody; Reflexivity Research, which provides leading research into the digital asset space; Neuronomics, which develops quantitative trading strategies and infrastructure; and DeFi Alpha, the Company's internal arbitrage and trading business line. With deep expertise across capital markets and emerging technologies, DeFi Technologies is building the institutional gateway to the future of finance. Follow DeFi Technologies on LinkedIn and X/Twitter, and for more details, visit DeFi Technologies Subsidiaries About ValourValour Inc. and Valour Digital Securities Limited (together, "Valour") issues exchange traded products ("ETPs") that enable retail and institutional investors to access digital assets in a simple and secure way via their traditional bank account. Valour is part of the asset management business line of DeFi Technologies. For more information about Valour, to subscribe, or to receive updates, visit About Stillman DigitalStillman Digital is a leading digital asset liquidity provider that offers limitless liquidity solutions for businesses, focusing on industry-leading trade execution, settlement, and technology. For more information, please visit About Reflexivity ResearchReflexivity Research LLC is a leading research firm specializing in the creation of high-quality, in-depth research reports for the bitcoin and digital asset industry, empowering investors with valuable insights. For more information please visit About Neuronomics AGNeuronomics AG is a Swiss asset management firm specializing in AI-powered quantitative trading strategies. By integrating artificial intelligence, computational neuroscience and quantitative finance, Neuronomics delivers cutting-edge solutions that drive superior risk-adjusted performance in financial markets. For more information please visit Analyst Coverage of DeFi Technologies A full list of DeFi Technologies analyst coverage can be found here: For inquiries from institutional investors, funds, or family offices, please contact: ir@ Cautionary note regarding forward-looking information: This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to the commencement of option trading on the NASDAQ; the potential benefits of the option trading on NASDAQ; the Company's business and future growth prospects; the regulatory environment with respect to the growth and adoption of decentralized finance; the pursuit by the Company and its subsidiaries of business opportunities; and the merits or potential returns of any such opportunities. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company, as the case may be, to be materially different from those expressed or implied by such forward-looking information. Such risks, uncertainties and other factors include, but is not limited to the acceptance of Valour exchange traded products by exchanges; growth and development of decentralised finance and digital asset sector; rules and regulations with respect to decentralised finance and digital assets; fluctuation in digital asset prices; general business, economic, competitive, political and social uncertainties. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws. THE CBOE CANADA EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE View original content to download multimedia: SOURCE DeFi Technologies Inc. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
