Another Group Unionizes

[Splash]

I wonder what took them so long? Better late than never I guess. It's unfortunate that it did not come early enough to save some of the other @ 3,000 jobs that got contracted out.

https://www.cbc.ca/news/canada/calgary/ ... -1.6036010

[Longtimer]

I wonder however, how many of those who lost their jobs , voted to approve the sale along with the $$$ for their shares. I guess a case of the devil you know vs the one you don't.

[FL410AV8R]

I wonder however, how many of those who lost their jobs , voted to approve the sale along with the $$$ for their shares. I guess a case of the devil you know vs the one you don't.

Nobody got to vote on the sale, it was a done deal before ever being revealed to the employees.

[Longtimer]

I thought the sale was approved by the shareholders (including employee owners)?

(WJA.TO) says its shareholders and optionholders voted to approve a proposed acquisition by Onex Corporation. The Calgary-based airline says 92.5 per cent of those who voted did so in favour of the transaction at a special meeting held Tuesday.Jul. 23, 2019

[notwhoyouthinkIam]

I thought the sale was approved by the shareholders (including employee owners)?

(WJA.TO) says its shareholders and optionholders voted to approve a proposed acquisition by Onex Corporation. The Calgary-based airline says 92.5 per cent of those who voted did so in favour of the transaction at a special meeting held Tuesday.Jul. 23, 2019

I wasn't invited.

[aerobod]

All WS shareholders could either attend the special meeting or vote either via the Internet with the identification code supplied, or send in a paper vote. Quite a few employees I know attended the special meeting and voted there. I used the Internet method. A package was sent via mail with the purchase prospectus to all shareholders, to their address on record (for employees and likely many retirees, that would be the address AST would have, as supplied by WS, assuming they had shares in their AST account). Incorrect or no available address information or the address of a broker or proxy would be reasons why a shareholder wouldn’t have received their prospectus and voting instructions directly.

[FL410AV8R]

All WS shareholders could either attend the special meeting or vote either via the Internet with the identification code supplied, or send in a paper vote. Quite a few employees I know attended the special meeting and voted there. I used the Internet method. A package was sent via mail with the purchase prospectus to all shareholders, to their address on record (for employees and likely many retirees, that would be the address AST would have, as supplied by WS, assuming they had shares in their AST account). Incorrect or no available address information or the address of a broker or proxy would be reasons why a shareholder wouldn’t have received their prospectus and voting instructions directly.

Yes, but the reality is the number of shares held by employees other than BoD members were not sufficient in numbers to sway the vote either way.

[aerobod]

All WS shareholders could either attend the special meeting or vote either via the Internet with the identification code supplied, or send in a paper vote. Quite a few employees I know attended the special meeting and voted there. I used the Internet method. A package was sent via mail with the purchase prospectus to all shareholders, to their address on record (for employees and likely many retirees, that would be the address AST would have, as supplied by WS, assuming they had shares in their AST account). Incorrect or no available address information or the address of a broker or proxy would be reasons why a shareholder wouldn’t have received their prospectus and voting instructions directly.

Yes, but the reality is the number of shares held by employees other than BoD members were not sufficient in numbers to sway the vote either way.

I don't know any employees in the IT Dept or any in the spectrum of other depts I know who voted against the merger (I'm sure there were some, as 7.5% of shareholders didn't vote for it), so the big shareholders were aligned with the employees, AFAIK.