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Weyerhaeuser Union Members Go On Strike In Oregon & Washington

Weyerhaeuser Co (NYSE:WY) said its operations in Oregon and Washington were affected by a work stoppage by its union members. The…
byShivani Kumaresan
September 14, 2022
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  • Weyerhaeuser Co (NYSE:WY) said its operations in Oregon and Washington were affected by a work stoppage by its union members.
  • The company has 1,200 workers who are members of the International Association of Machinists and Aerospace Workers.
  • The company noted IAM walkouts impact multiple Wood Products and Timberlands sites.
  • “While we are very disappointed in their decision to walk out, we are committed to supporting our employees and negotiating in good faith with union representatives,” said Denise Merle, SVP and chief administration officer for Weyerhaeuser.
  • Weyerhaeuser is among the many corporations facing the heat of workers’ unionization demand.
  • Labor groups and investors have filed a shareholder proposal urging Apple Inc (NASDAQ:AAPL) to review its workers’ rights treatment.
  • In April, ALU (Amazon Labor Union) became the first to win an election at Amazon.Com, Inc. (NASDAQ:AMZN).
  • Price Action: WY shares closed lower by 6.37% at $32.36 on Tuesday.
 
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Cannabis Giant Canopy Announces $30M Private Placement, Here’s Where The Money Will Go

By Jelena Martinovic
January 9, 1:01 PM
Canadian cannabis company Canopy Growth seeks to raise $30m in a private placement offering. The company said the move would improve its financial standing and enable it to pay down debts. Canopy Growth said in November it has reduced overall debts by C$364m to C$681m since the start of the current fiscal year. The increase in capital will provide working capital, as well as supporting other general corporate needs. The closing of the private placement under the subscription agreements is expected to occur on or about Jan. 10, 2024, subject to customary closing conditions.

CGC