Le Lézard
Classified in: Business
Subjects: LAW, LBR, AVO

Unifor calls for respect for Torstar workers amidst application to dissolve parent company


TORONTO, Sept. 30, 2022 /CNW/ - Unifor is disheartened that news of a court application to dissolve NordStar Capital Inc., the controlling company of Torstar and the Toronto Star, came from a media outlet, rather than the employer.

"Today's unexpected news was completely disrespectful to the hard-working Toronto Star staff who felt blindsided by this information ? or rather, lack-of," said Unifor's National President Lana Payne. "Journalists and media workers often put their lives on the line to provide fact-based reporting to the public and they deserve better."

According to a Globe and Mail story, Toronto Star owners Paul Rivett and Jordan Bitove ? as alleged in the application filed by Rivett with the Ontario Superior Court of Justice on Sept. 1, 2022 ? were embroiled in a feud.

In the application, Rivett claims publisher Bitove allegedly "obstructed progress" of cutting "unnecessary overhead costs" and "failed or refused to provide a budget or plans" for the areas he's responsible for overseeing.

Rivett sought a court order requesting PricewaterhouseCoopers as the requested officer to facilitate a sale or transfer of Torstar assets. The status of the requested order is not currently clear.

In 2020, Rivett and Bitove agreed to purchase Torstar for $52 million.

"The news of another sale or a transfer is unsettling, to say the least, and comes at a time when the Star is poised to move from its 1 Yonge St. location," said Randy Kitt, Director of Unifor's Media Sector.

"The media sector ? with barebones newsrooms and constant cost-cutting ? needs more stability, not less. This dispute between the two owners adds additional uncertainty for workers and the public, and should have been communicated clearly from the start."

The union has not received any word of changes in day-to-day operations, including layoffs, and will continue to monitor the situation and keep the membership informed.

Unifor represents more than 10,000 media workers, including journalists in the broadcast and print news industry. Unifor Local 87-M represents workers at the Toronto Star.

Unifor is Canada's largest union in the private sector, representing 315,000 workers in every major area of the economy. The union advocates for all working people and their rights, fights for equality and social justice in Canada and abroad, and strives to create progressive change for a better future.

SOURCE Unifor


These press releases may also interest you

at 18:46
BOXABL, the innovative housing startup known for its foldable Casita homes and building technology, has announced this week that investors have indicated they want to invest over $10MM in the current stock offering. BOXABL previously SOLD OUT the Reg...

at 18:18
Law Offices of Howard G. Smith announces that investors with substantial losses have opportunity to lead the securities fraud class action lawsuit against UiPath Inc. ("UiPath" or the "Company") . Class Period: December 1, 2023 ? May 29, 2024 Lead...

at 18:15
Payfare Inc. ("Payfare" or the "Company")  today announces the completion of the filing of its audited annual financial statements, management's discussion and analysis, annual information form and related certifications, all for the year ended...

at 17:53
The Mohanji Foundation, a global non-profit organization founded by Mohanji; World Consciousness Alliance, a Mohanji-founded platform for artists dedicated to raising awareness; and The Diplomatic Club, a non-political, non-profit organization...

at 17:45
The global online home rental services market size is estimated to grow by USD 28.01 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of almost 14.72% during the forecast period. High real estate prices make...

at 17:39
Equity LifeStyle Properties, Inc. (referred to herein as the "Company," "we," "us," and "our") announced today that the Company's second quarter 2024 earnings will be released on Monday, July 22, 2024 after market close. The Company's executive...



News published on and distributed by: