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Candu Statement on SPEA Strike Action

 Mississauga, 2012 July 09 – Candu designs, services and builds nuclear power plants, but we are not the operators, so the strike action by SPEA has no impact on the day-to-day operations of any nuclear power plant in Canada or abroad. Candu is continuing to implement extensive contingency plans in order to deliver on our customer priorities; we have been in close contact with our customers since before the strike began May 26. 

On May 26, SPEA initiated strike action in an attempt to disrupt the company’s day-to-day operations. To date, SPEA’s strike action has had no impact on our priority customer commitments. Our PSAC-represented employees voted in favour of a new collective agreement on May 31, 2012, similar to what we are offering SPEA.

Candu has worked hard over several months to negotiate new collective agreements with SPEA and we believe the offer on the table is fair, reasonable, and competitive. We are willing to bargain with SPEA at their convenience, as we have through the past several months. We want to get our striking employees back to work as quickly as possible and focused on competing for new business and we hope that SPEA shares this urgent priority.

Candu remains committed to the future of CANDU technology. We recently signed an agreement with Turkey and the UK’s Nuclear Decommissioning Authority. We continue to actively seek new business opportunities around the world.

For up-to-date information and updates on Candu Energy’s collective bargaining with SPEA, visit www.candudirect.ca.

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Contact:

Katherine Ward

Director, Communications

Candu Energy Inc.

905-403-7349