PRESS RELEASE: JANUARY 01, 2009

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Versa Derwent Agreement Ratified

On December 30th UFCW 247 members employed at the Versa Derwent facility voted 78% in favour of a new 4 year collective agreement. A previous settlement had been rejected and the two sides met December 22nd with the assistance of Mediator Debbie Cameron. The new deal calls for annual 2.5% increases, additional vacation entitlement, increases to many of the premiums, and the Company's participation in the CCWIPP Pension Stabilization Fund.

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