HALIFAX, July 25, 2014 /CNW/ - Local union leadership at Bell Aliant are welcoming the announcement of a $2.1 billion capital investment. Earlier this week, BCE, which already controls Bell Aliant, announced that it is acquiring the interest of public minority shareholders in Bell Aliant for roughly $3.95 billion.
At the same time that the $2.1 billion investment was announced, BCE also indicated that it expects to find $100 million in "synergies" as a result of the deal.
Unifor local presidents have indicated that they will be monitoring the implementation of the deal carefully.
"We are very committed to protecting our members' jobs and ensuring the significant capital investment benefits our workers and communities now and well into the future," said Bobby MacDonald, acting chairperson of the Council of the four Atlantic Bell Aliant Unifor locals.
Unifor represents technicians, clerical and other workers at both Bell Aliant and BCE, including over 2,700 workers in the four Atlantic provinces.
Local Atlantic Unifor leadership will meet with Bell Aliant officials in the coming weeks to discuss the impact of the deal on the workforce and ensure the greatest possible impact of the investment is realized by workers and communities in Atlantic Canada.
Unifor is Canada's largest union in the private sector, representing more than 305,000 workers, including more than 27,000 in telecommunications. It was formed Labour Day weekend 2013 when the Canadian Auto Workers and the Communications, Energy and Paperworkers union merged.