We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register to chat with like-minded investors on our interactive forums.
| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Colabor Group Inc | TSX:GCL | Toronto | Common Stock |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.01 | -0.88% | 1.13 | 1.13 | 1.15 | 1.13 | 1.13 | 1.13 | 2,600 | 15:53:11 |
From May 2019 to May 2024
More than 20 jobs maintained to ensure high-quality service to local and regional customers
BOUCHERVILLE, QC, Jan. 14, 2015 /CNW Telbec/ - Colabor Group Inc. (TSX: GCL) ("Colabor" or the "Corporation") today announced that it will cease warehousing operations at its Trois-Rivières facility at the end of March, resulting in the elimination of 60 jobs. In a consolidation of warehousing operations, the volumes concerned will be transferred to Colabor's St-Nicolas warehouse. The Corporation has operated the Trois-Rivières facility since acquiring most of the assets of Marcotte Alimentation in 2014.
Colabor will maintain an active presence in the Mauricie region, retaining more than 20 sales and delivery jobs to provide the superior customer service that has made its reputation. In addition, a number of employees will be offered transfers to St-Nicolas.
"Colabor needs to proactively optimize its operating efficiency in a market that is fiercely competitive and at the same time is feeling the effects of difficult business conditions in Quebec. We regret the consequences of this decision for the employees and families affected and have taken equitable measures to provide them with all the support they deserve," said Claude Gariépy, President and Chief Executive Officer of Colabor.
ABOUT COLABOR
Colabor is a wholesaler and distributor of food and non-food products serving the foodservice market (cafeterias, restaurants, hotels, restaurant chains) in Québec, Ontario and the Atlantic provinces, as well as the retail market (grocery stores and convenience stores).
FORWARD-LOOKING STATEMENTS
This news release may contain forward-looking statements reflecting the opinions or current expectations of Colabor Group Inc. concerning its performance and business operations and future events. These statements are subject to risks, uncertainties and assumptions. Actual results or events may differ.
SOURCE Colabor
Copyright 2015 Canada NewsWire
1 Year Colabor Chart |
1 Month Colabor Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
