logo
CUPE: Air Canada is missing in action at the bargaining table

CUPE: Air Canada is missing in action at the bargaining table

Business Wire4 days ago
TORONTO--(BUSINESS WIRE)--With 55 hours to go until Air Canada's lockout notice takes effect, the airline has been absent from the bargaining table for nearly a full day.
The union tabled its most recent proposal to Air Canada on August 12 at 9 p.m. ET. The union has been at the bargaining table ever since, waiting for Air Canada to issue their counter-offer. The airline has yet to respond.
Needless to say, a negotiation requires two parties to be present, but Air Canada appears to be missing in action.
With precious hours to spare before Air Canada's lockout notice takes effect on August 16 at 1:30 a.m. ET, Air Canada owes it to their employees, their passengers, and the Canadian public to take this process seriously.
Air Canada should get back to bargaining without delay.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

EdgeCortix Completes Initial Close of Series B Financing, Driving Total Funding to Nearly $100 Million USD
EdgeCortix Completes Initial Close of Series B Financing, Driving Total Funding to Nearly $100 Million USD

Business Wire

time24 minutes ago

  • Business Wire

EdgeCortix Completes Initial Close of Series B Financing, Driving Total Funding to Nearly $100 Million USD

TOKYO--(BUSINESS WIRE)-- EdgeCortix® Inc., a leading fabless semiconductor company specializing in energy-efficient artificial intelligence (AI) processing at the edge, today announced the initial close of its Series B funding round. This milestone raises EdgeCortix's cumulative funding, including equity investments and substantial non-dilutive government awards since December 2024, to nearly $100 million USD, marking significant momentum in the company's rapid growth and global market expansion. This Series B round attracted substantial interest from prominent global investors, highlighting continued confidence in EdgeCortix's innovative AI technologies, strategic leadership, and robust customer traction. Investors participating in the initial close include Yanmar Ventures, Pacific Bays Capital, NTT Finance Corporation, SiC Power, and Aero X Ventures, along with continued support from existing investors including SBI Investments and Global Hands-On VC (GHOVC). 'The strong support from both new and existing investors is a clear endorsement of our market position and proven success across sectors such as robotics, industrial automation, defense, aerospace, and space exploration,' said Dr. Sakyasingha Dasgupta, Founder and CEO of EdgeCortix. 'This funding empowers us to accelerate the mass-production deployment of our highly successful SAKURA-II AI co-processors, which have secured design-wins across multiple industries. Additionally, it fuels the rapid production of our next-generation SAKURA-X chiplet platform, offering an unprecedented performance of up to 2,000 TOPS per device, with low-power, enabling advanced generative AI workloads in scalable high-performance physical AI systems.' Investor Perspectives: 'We are truly honored to have the opportunity to participate in the investment in EdgeCortix. We believe that the innovative technologies developed by EdgeCortix are closely aligned with Yanmar Ventures' mission to support game-changing solutions that help shape a better future. Through this investment, we look forward to exploring potential collaborations and working together to create value that can be returned to society,' commented Sota Tsutsuki, Senior Capitalist, Yanmar Ventures Co., Ltd. 'We see tremendous potential in EdgeCortix's unique technology, forward-looking market strategy, and proven execution. These strengths position the company to drive meaningful growth in industrial automation, telecommunications, aerospace, and beyond,' added Seiichi Hashimoto, Senior Vice President, Executive Manager, Group Treasury Department, NTT Finance Corporation. 'EdgeCortix is uniquely positioned through the dual-use nature of its technology, underscored by its recent high-profile project award from the U.S. Defense Innovation Unit,' said Maxwell Imai Weiss, Partner, Pacific Bays Capital. 'We see strong potential for significant impact and accelerated growth opportunities across defense, aerospace, and space applications, as well as broader commercial markets,' added Dr. Jason Nye, Partner, Pacific Bays Capital. 'EdgeCortix is exactly what we look for at Aero X Ventures - proven dual-use technology with real traction. They've built energy-efficient AI processors that work across defense, aerospace, and commercial markets, and they're actually winning customers and government contracts. Their recent Defense Innovation Unit award speaks volumes about the strategic value of what they're building,' Management Team, Aero X Ventures. ' Since our initial investment in 2023, EdgeCortix has achieved extraordinary progress. Under the visionary leadership of CEO Dr. Sakyasingha Dasgupta, the team has consistently demonstrated remarkable execution capabilities. This new round of funding will further accelerate their exponential growth - continuous acquisition of new customers, the next generation products development, and keep attracting top-tier talent,' said Ken Yasunaga, Managing Partner, Global Hands-On VC. The Series B funding round remains open, with additional closings anticipated throughout 2025 as global investor interest continues. About EdgeCortix Inc. EdgeCortix is driving innovation in semiconductor solutions for the connected intelligent edge. Established in 2019 and headquartered in Tokyo, Japan, with additional offices in the United States and India, EdgeCortix develops silicon-based, energy-efficient AI processors purpose-built for Generative AI workloads at the edge. The company's patented hardware-software co-design methodology enables highly efficient runtime-reconfigurable AI accelerators, delivering industry-leading performance-per-watt for edge inference across defense, aerospace, smart cities, Industry 4.0, robotics and telecommunications applications.

'Lots of turbulence': Air Canada flyers describe cancellation, rebooking chaos amid strike
'Lots of turbulence': Air Canada flyers describe cancellation, rebooking chaos amid strike

Yahoo

time44 minutes ago

  • Yahoo

'Lots of turbulence': Air Canada flyers describe cancellation, rebooking chaos amid strike

Travellers in Canada and abroad scrambled to secure flights on Sunday after striking Air Canada flight attendants defied a federal back-to-work order, abruptly halting the airline's plans to resume operations. Lila Rousseaux, who was scheduled to fly home with her family from Zurich to Toronto on Sunday, told CBC News she spent all of Saturday glued to her phone for news about whether her flight would be cancelled. At 12:30 a.m. on Sunday, she was informed it was. "I spent one and a half hours on the phone with the agent ... lots of turbulence," Rousseaux said. "There was a lot of inflexibility in terms of what can be done," she said, adding that her suggestions to take a train to Amsterdam to catch a plane or fly directly to the U.S. before driving across the border were rebuffed by the agent. WATCH | Lila Rousseaux describes 'turbulence' of rebooking flight: Rousseaux said she finally booked an "awful" overnight flight to Atlanta, lamenting that she is no longer being seated with children. "The distress in my family is very acute," she said. Ottawa moved to intervene in the labour dispute on Saturday, less than 12 hours after the strike and lockout took effect, with federal Jobs Minister Patty Hajdu saying she was invoking Section 107 of the Canada Labour Code to ask the Canada Industrial Relations Board (CIRB) to send the two sides to binding arbitration and to order the airline and its flight attendants back to work in the meantime. The Montreal-based airline subsequently announced early Sunday that it planned to resume flights in the evening, but just hours later, the union representing more than 10,000 flight attendants said in a statement that members would remain on strike — scuttling those plans and prompting Air Canada to cancel some 240 flights. WATCH | Hundreds of flight attendants picket at Vancouver airport: At Vancouver International Airport, passengers stood in long lines to get the latest updates on their delayed and cancelled flights, as workers outside demonstrated with signs reading, "Unpaid work won't fly." Chi Ehis told The Canadian Press she is having to pay an extra $2,000 to meet her family in Florida for a vacation after her flight was cancelled Sunday morning. Instead of flying straight from Vancouver, she is now taking a bus to Seattle before catching another, pricier flight. "I can't scream. I have to just figure out what to do," Ehis said, adding her plane ticket cost $1,500. WATCH | Tips for Air Canada passengers from travel influencer Moxey Munch: In Toronto, Khalid Muhammadi told CBC News he flew in from Dubai en route to Edmonton but is now stuck at Pearson International Airport. "WestJet is asking eight grand; what am I supposed to do?" he said. Muhammadi voiced frustrations with the federal government for not resolving the labour dispute. "You knew a strike was coming ... do your job." Air Canada has said passengers whose flights are cancelled will be offered a full refund or the opportunity to change their travel plans without a fee. However, it said that under Canada's airline passenger protection regulations, customers are not eligible for compensation for expenses incurred during travel delays deemed outside the airline's control. "Customers in Canada are not eligible for compensation for delayed or cancelled flights, meals, hotels or other incidental expenses for situations outside the carrier's control, such as a labour disruption," the airline said. Air Canada said in a news release that its flights would resume Monday evening, although a notice on its booking page said all Air Canada and Air Canada Rouge flights were cancelled until further notice. Solve the daily Crossword

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store