Latest news with #IronMountain
National Post
4 days ago
- Business
- National Post
OCEU/CUPE 1750 Calls Out WSIB and Ford Government for Outsourcing to U.S. Company, Laying Off Ontario Workers
Article content TORONTO — The Ontario Compensation Employees Union (OCEU/CUPE 1750) is calling out the Workplace Safety and Insurance Board (WSIB) and the Ford government after confirmation that 26 document management jobs will be eliminated and handed to Iron Mountain, a private company headquartered in Boston, Massachusetts Article content The workers provide essential support to Ontario's workplace safety system. The layoffs notices will take effect July 16, just one week after members returned to work following a legal strike. Article content 'This government says it wants to protect Ontario jobs, but when it mattered, they sided with a U.S. multinational corporation over public service workers,' said Harry Goslin, president of OCEU/CUPE 1750. 'I spoke directly with Minister Piccini and urged him to intervene. Instead, he defended the outsourcing. That's unacceptable.' Article content Although Iron Mountain highlights its Canadian operations, it is a U.S.-based multinational corporation. Its Canadian division is a wholly owned subsidiary, not a public agency accountable to Ontarians. The WSIB's decision to contract out unionized public sector work to a private company sets a troubling precedent that puts corporate profit ahead of public service. Article content 'This is how the WSIB responds after a difficult and historic strike — by cutting some of the lowest-paid workers with no explanation of how it will help injured Ontarians,' said Goslin. 'The WSIB is acting like a private insurance company, focused only on cost-cutting, when it was meant to be more than that.' Article content OCEU/CUPE 1750 has consistently signalled a willingness to work with WSIB leadership to avoid cuts. Despite this, and despite options for in-house solutions, the agency — with the Ford government's support — is threatening its first major layoffs in recent memory. Article content 'Our members just walked back through the doors, and now they're being targeted again,' said Goslin. 'We are ready to work on real solutions. But if the WSIB goes through with this plan, we will fight to defend every one of these jobs.' Article content Article content Article content Article content Article content Article content
CBS News
4 days ago
- CBS News
Molotov cocktails thrown at local Republican headquarters in Michigan's U.P.
Two Molotov cocktails were aimed at the Dickinson County Republican Committee Headquarters building in Iron Mountain, Michigan, local police say. No significant damage resulted. The Iron Mountain Police Department says it has arrested a 19-year-old man from Iron Mountain, which is in Michigan's Upper Peninsula, near the Michigan-Wisconsin state line. The attempted vandalism was noticed about 3:55 p.m. Saturday at the headquarters building on North Stephenson Avenue, the police report said. The caller told emergency officials that someone could be seen attempting to light a rag on fire that was sticking out of a glass bottle, then throwing the bottle at the building. Security cameras in the area showed an image of someone trying to do just that, the police report said. When the man could not get the rag to light, he threw the bottle at the window, which caused the bottle to shatter. A second broken glass bottle was located in the parking lot. Officers were able to identify the suspect in the security videos and found him at this home. "Upon speaking with the suspect, he admitted to making the bottles in his driveway and he threw the bottle at the building, to send a message against the corruption. The suspect was hoping what he made was flammable and would ignite," the police report said. He was booked into Dickinson County Jail, pending court proceedings, on one charge each of manufacturing explosives, possession of a Molotov cocktail or incendiary device causing property damage, and arson. "The attack was unsuccessful due to incompetence of the suspect and no significant damage was done," the Dickinson County Republican Committee said in its statement on the incident. "The Dickinson County Republican Committee is extremely thankful for the quick action of the Iron Mountain Police Department," local party officials said. "We hope that the suspect is prosecuted to the fullest extent of the law. We are grateful to God that no one was injured and continue to pray for all involved."
Business Wire
5 days ago
- Business
- Business Wire
Iron Mountain Schedules Second Quarter 2025 Earnings Release and Conference Call
PORTSMOUTH, N.H.--(BUSINESS WIRE)-- Iron Mountain Incorporated (NYSE: IRM), a global leader in information management services, will report its second quarter 2025 financial results before market hours on Wednesday, August 6, 2025. The Company will also host a conference call to discuss results on the same day. The earnings press release, conference call slides, and supplemental financial information will be available at: under 'Quarterly Results' prior to the call on Wednesday, August 6, 2025. The webcast link can be accessed under 'Investor Events' and you may register directly for the webcast at the following link: Webcast Registration. Investors who would like to join the conference call are encouraged to use the Pre-Registration Link to gain immediate access to the call and bypass the live operator. Participants will be given a unique PIN and may pre-register at any time, including up to and after the call start time. Call and replay information are as follows: Call Date: Wednesday, August 6, 2025 Call Time: 8:30 A.M. (Eastern Time) Domestic Call Dial In: 1-844-890-1796 International Call Dial In: 1-412-717-9590 Telephonic replay available two hours after the conclusion of the call for one week. Replay Domestic Dial In: 1-877-344-7529 Replay International Dial In: 1-412-317-0088 Access Code: 1097926 About Iron Mountain Iron Mountain Incorporated (NYSE: IRM) is trusted by more than 240,000 customers in 61 countries, including approximately 95% of the Fortune 1000, to help unlock value and intelligence from their assets through services that transcend the physical and digital worlds. Our broad range of solutions address their information management, digital transformation, information security, data center and asset lifecycle management needs. Our longstanding commitment to safety, security, sustainability and innovation in support of our customers underpins everything we do. To learn more about Iron Mountain, please visit
CNA
26-06-2025
- Business
- CNA
Equinix shares fall as revenue, capital spending forecast disappoint investors
Equinix's shares fell 8 per cent on Thursday after the data center firm forecast revenue growth below expectations and projected heavy investments to cater to AI demand in the long term. The company plans to double its current capacity over the next five years to capitalize on the growing demand for infrastructure to meet the surge in artificial intelligence use. Shares of peers Iron Mountain, Digital Realty and Core Scientific fell between 2 per cent and 3 per cent. Equinix is ramping up investments to expand its infrastructure for rising AI inference demand. While this is expected to drive stronger growth in the long run — potentially crossing 10 per cent by 2030 — near-term growth will remain modest, BMO Capital Markets analysts said in a note. It expects its annual revenue to grow 7 per cent to 10 per cent from 2025 to 2029, slightly lower than its prior forecast. Meanwhile, it updated its forecast for adjusted funds from operations (AFFO) per share growth to 5 per cent to 9 per cent now from 7 per cent to 10 per cent, which disappointed investors. To position for growing AI inference demand, Equinix plans to increase annual capital spending to $4 billion to $5 billion from 2026 to 2029, up from $3.3 billion in 2025.
Reuters
26-06-2025
- Business
- Reuters
Equinix shares fall as revenue, capital spending forecast disappoint investors
June 26 (Reuters) - Equinix's shares (EQIX.O), opens new tab fell 8% on Thursday after the data center firm forecast revenue growth below expectations and projected heavy investments to cater to AI demand in the long term. The company plans to double its current capacity over the next five years to capitalize on the growing demand for infrastructure to meet the surge in artificial intelligence use. Shares of peers Iron Mountain (IRM.N), opens new tab, Digital Realty (DLR.N), opens new tab and Core Scientific (CORZ.O), opens new tab fell between 2% and 3%. Equinix is ramping up investments to expand its infrastructure for rising AI inference demand. While this is expected to drive stronger growth in the long run — potentially crossing 10% by 2030 — near-term growth will remain modest, BMO Capital Markets analysts said in a note. It expects its annual revenue to grow 7% to 10% from 2025 to 2029, slightly lower than its prior forecast. Meanwhile, it updated its forecast for adjusted funds from operations (AFFO) per share growth to 5% to 9% now from 7% to 10%, which disappointed investors. To position for growing AI inference demand, Equinix plans to increase annual capital spending to $4 billion to $5 billion from 2026 to 2029, up from $3.3 billion in 2025.
