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Metro Struggles Amid Strike Fallout
Description
Metro Inc. is reeling from a costly strike at its Laval distribution center, hitting third-quarter sales and slashing EPS projections, while scrambling to keep shelves stocked at extra expense. Despite a contingency plan keeping produce flowing, the standoff continues—Metro rejects the union’s latest counteroffer as unworkable, calling it out of touch with market realities, while the union slams the company’s stance as dismissive of workers’ needs. With earnings to be reported August 12, both sides remain entrenched, and the financial and human toll keeps mounting.
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