Velan Inc. SV (TSE:VLN) has released an update.
Velan Inc., a major industrial valve manufacturer, is experiencing a strike at its Williston, Vermont plant after union members rejected a proposed three-year collective agreement. The strike, involving less than 3% of the company’s total workforce, has commenced with immediate effect. Velan assures that its Canadian and international operations remain unaffected and is actively seeking to reach an equitable resolution with the union.
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