MONTREAL, Sept. 10, 2018 /CNW Telbec/ - Yellow Pages Limited (TSX: Y) ("Yellow Pages" or the "Company") announced today the lock out of its approximately 130 of its unionized Quebec sales representatives. Despite numerous bargaining sessions, the intervention of a conciliator, and the Company's willingness to reach an agreement, the Company has concluded that the union has been inflexible during negotiations to renew the Sales Collective Bargaining agreement for Quebec. Given the deadlock, the Company was faced with no realistic choice but to impose a lockout.
Yellow Pages reassures its customers that they will continue to be well-served by management during the lockout.
"This decision is one of many crucial actions the Company has had to take over the last year to ensure its recovery and sustainability in an ever-changing and highly competitive business. Without question, the status quo is incompatible with the dynamic, hypercompetitive marketplace we now serve. We are committed to our objective to create a Company that delights our customers, provides stable and rewarding jobs for all of our over 1,000 employees across Canada, and gives a fair return to our investors," said David A. Eckert, President and Chief Executive Officer.
Eckert continued, "The Company is fully amenable to returning to the bargaining table, provided the union demonstrates a sincere willingness to accept that the market we are serving has changed dramatically."
About Yellow Pages Limited
Yellow Pages Limited (TSX: Y) is a Canadian digital media and marketing company that creates opportunities for buyers and sellers to interact and transact in the local economy. Yellow Pages holds some of Canada's leading local online properties including YP.ca, Canada411.ca, 411.ca and Bookenda.com. The Company also holds the YP, YP Shopwise, YP Dine, Canada411, 411 and Bookenda mobile applications and Yellow Pages print directories. In addition, Yellow Pages is a leader in national advertising through its businesses devoted to servicing the marketing needs of large North American brands, including Mediative and JUICE. For more information visit www.corporate.yp.ca.
SOURCE Yellow Pages Limited
For further information: Contact : John Ireland, Senior Vice-President, Organizational Effectiveness, [email protected]; Media Requests : Leslie Molko, [email protected], 514-843-2337, 514-347-8584; Investor Relations : Franco Sciannamblo, Senior Vice-President, Chief Financial Officer, [email protected]