TORONTO (Aug. 30, 2011)—The United Steelworkers union staged a protest yesterday at the downtown Toronto branch of the Bank of Montreal, protesting what it said was the bank's financial support of Infinity Rubber Technology Group Inc. in the company's 21-month standoff with union workers.
Members of USW Local 526L walked off the job at Infinity's Etobicoke, Ontario, facility Dec. 2, 2009. Management demanded that workers accept a 25-percent cut in wages and a 50-percent cut in benefits, despite having already accepted wage reductions of up to $6 per hour a few months before, according to USW publicity.
Management and labor failed to come to agreement in subsequent negotiating efforts. In July 2011, the union announced plans to put added pressure on the company to come back to the bargaining table.
James Chung, president and CEO of Infinity, could not be reached for comment.