BCE reports first quarter 2021 results

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BCE reports first quarter 2021 results

This news release contains forward-looking statements. For a description of the related risk factors and assumptions, please see the section entitled “Caution Regarding Forward-Looking Statements” later in this news release.

  • BCE revenue grows 1.2%, adjusted EBITDA up 0.5%, representing the first quarter of growth since the beginning of the COVID-19 crisis
  • Broadband additions up 51% year over year – 108,468 total combined wireless mobile phone and mobile connected device, retail Internet and IPTV net additions
  • 32,925 postpaid mobile phone net additions, up 31,366; net mobile connected device additions grew 51% to 74,159
  • 21,208 retail Internet net additions with 12% Internet revenue growth; 10,696 IPTV net additions represent first quarter of year-over-year growth since Q1 2019
  • Broadband network acceleration program under way with over $1 billion in capital invested in Q1; on track to reach up to 6.9 million total fibre and WHI connections by year end
  • Strong financial position with $6.5 billion of available liquidity at the end of Q1; cash flows from operating activities up 37.3% to $1,992 million, driving 54% higher year-over-year free cash flow of $940 million
  • Net earnings of $687 million with net earnings attributable to common shareholders of $642 million, or $0.71 per common share; adjusted net earnings of $704 million generated adjusted EPS of $0.78, down 1.3%

Ontario conservatives put profits ahead of workers with just three paid sick days

April 28, 2021 – 12:00 AM

TORONTO – Following today’s provincial announcement, Unifor is once again asking the Ontario government to introduce permanent, employer-paid sick leave that meets the needs of workers.

“What Minister McNaughton’s announcement shows is that the conservatives are willing to go to great lengths to protect pandemic profits for big business, while  ignoring the solutions that workers and their unions have proposed repeatedly,” said Jerry Dias, Unifor National President. “Hopefully, this new program will help fill some gaps, and make it simpler to get time off for vaccinations, but it’s a long way from the permanent paid sick leave that workers still need.”

Ministers McNaughton and Bethlenfalvy presided over an unclear announcement today on COVID-related leave. McNaughton announced the provinces’ intention to table legislation to create new three paid days for COVID related reasons including vaccination leave, testing, sick days and COVID related mental health.

“Ontario is leading the country in COVID cases and hospitalization during this deadly third wave. It’s disturbing to see McNaughton self-congratulate his government and Premier Ford for taking this small action so late into this devastating pandemic,” said Naureen Rizvi, Unifor Ontario Regional Director. “It took thousands of deaths, workplace outbreaks, protest and outrage from workers and medical professionals to finally force the conservatives to come to this point. This isn’t their first proposal on sick leave, and we don’t accept that it will be their final, either.”

In addition to the new three days of leave, the Ministers also referenced a doubling of the Canada Recovery Sickness Benefit (CRSB) that is not yet finalized, repeating the Premier’s tactic of shifting accountability for provincial labour law to the federal government.

“It’s irresponsible to add to the confusion around sick leave and COVID benefits by making announcements on commitments that simply aren’t accurate. Ministers should present clear and credible information, not add confusion and continue to deflect away from the province’s own inaction,” continued Dias.

Three days of sick leave is not sufficient for COVID illness or recovery, and does not meet the needs of workers who could face a repeated need to seek COVID testing or self-isolate.

Unifor advocates for universal paid sick days to be enshrined in labour law in Ontario that includes:

  • 7 permanent paid sick days;
  • 14 additional paid sick days during a declared public health emergency;
  • Universality (i.e. it applies to all workers, regardless of status);
  • A prohibition on sick notes;
  • Flexible (i.e. not just for short-term illness; more akin to “personal emergency” days);
  • Employer-paid;
  • No administrative burden.

Unifor has advocated for employer-paid sick leave since the earliest days of the pandemic in March 2020. Members in Ontario engaged Ministers and MPPS in a targeted lobbying campaign on this and other issues in advance of the 2021 provincial budget. In the coming week, the union will continue to escalate this call for true paid sick days with its member-driven digital campaign and a series of “phone zap” calling actions in the coming days

Federal budget makes good on key Unifor aerospace recommendations

After months of lobbying the federal government to support Canada’s aerospace industry, Unifor is relived to see movement on key policies and budget commitments of more than $2 billion to support the sector.

“Our message to the federal government all along has been that we must come out of this pandemic with a stronger and more resilient economy,” said Jerry Dias, Unifor National President. “That means investing heavily in our domestic aerospace industry and protecting our incredibly valuable advanced manufacturing jobs.”

Budget 2021 responds directly to a number of Unifor’s key recommendations presented in the union’s COVID-19 recovery plan for the aerospace industry, including $250 million over three years to directly support the sector and $1.75 billion in increased domestic research and development funding.

“I welcome these announcements by the federal government that we have been impatiently waiting for,” added Renaud Gagné, Unifor’s Quebec Director. “Some of the budget measures are already being implemented and certain projects have been cleared, all of which is a very good sign. But the devil is often in the details so we are eagerly awaiting more specific details on the various programs.”

The budget also commits to peripheral space agency funding and defence spending that will bring long-term benefits to the industry. The largest funding commitment of more than $250 million is dedicated to sustaining and modernizing North American Aerospace Defense Command’s (NORAD) operations. This investment would lay the groundwork for NORAD’s future, including research and development of cutting-edge technologies. The federal government is also dedicating $9.9 million to the Canadian Space Agency (CSA) to plan for next-generation Earth observation satellites.

“The federal budget delivered on some of our key recommendations including strategic funding for research and development and a modest recovery package for the industry,” said Carmen Ledarney, Unifor’s Aerospace Director. “There’s still much work for our union to do to secure more for Unifor members to weather the pandemic’s worst effects.”

Canada’s aerospace industry continues to suffer from a downturn brought on by the ongoing COVID-19 crisis. Most global air travel remains at a standstill with aerospace orders slowing down and sometimes even drying up at manufacturers across Canada and the globe.

“The real test of the federal budget will be how quickly funding finds its way into workplaces and begins to bring back laid off workers.” said Alexandre Lamarre, Unifor Aerospace Industry Council President. “Everyone in the sector has been affected from the largest facilities Quebec to those in Western Canada, Ontario and the Maritimes. My own workplace, CMC Electronics in Saint-Laurent, has had devastating layoffs. Our union’s primary focus is supporting those workers and protecting their jobs.”

No surprises in Ontario auditor general special report on long term care

April 28, 2021

TORONTO – Ontario’s auditor general Special Report on Pandemic Readiness and Response in Long-Term Care says due to years of governments neglecting systemic concerns, the government was not prepared or equipped to handle the issues created by the pandemic.

“I welcome this report, but to be honest, workers, residents and families all knew that the sector was on the brink of collapse,” said Jerry Dias, Unifor National President. “For decades, workers have been telling governments about the crisis in Ontario’s long-term care sector. The issues of being overworked, short-staffed and not having enough time to care for their residents are nothing new to workers and families. It’s true the Ford government didn’t start the fire in long-term care but they surely poured gas on it.”

According to the report, from March 2020 to December 31, 2020,  76% of long-term-care homes in Ontario reported cases of COVID-19 among their residents and staff. Some of the contributing factors that negatively impacted residents were insufficient staff to provide appropriate care, overcrowding due to hospital patients being transferred into long-term care homes and infection prevention and control measures were not consistently practised in homes, even before the COVID-19 pandemic.

“The physical and mental toll some of Doug Ford’s emergency measures played on residents is truly heartbreaking,” said Naureen Rizvi, Ontario Regional Director. “On one hand, the Premier restricts family visits to residents, but on the other hand allows temporary staff to go work in multiple homes and in some cases further spreading the virus. This Premier needs to put his ego aside and listen to workers, families and health experts to save our long-term care system.”

Auditor General Bonnie Lysyk made 16 recommendations to strengthen long-term care homes and how the Ontario government can better respond to the issues emphasized during the pandemic.

Bulletin on Proof of Vaccination

2021-04-15-Proof-of-Vaccination

 

To: All National Representatives associated by BCE and its subsidiaries

 

Dear colleagues,

 

The question of vaccination at Bell Canada and its various subsidiaries has been brought up via multiple channels in the past days.

 

Naturally, Unifor is favourable to the announcement of Bell to allow our workers to obtain time during work hours to receive a vaccination for Covid-19.

 

One common issue that has been raised relates to the demonstration of proof of vaccination. The matter has been reviewed with our legal counsel and we recommend sharing the following comments with our various local leaders:

 

  • When dealing with medical information, all the employer may request is what is reasonably

 

  • This information is only being sought from those claiming the benefit of obtaining time to get vaccinated during work hours (which is a reasonable limitation), we recommend redacting anything beyond the name, date and proof of vaccination (for the purpose of securing the benefit)”.

 

  • Additionally, we are further commenting that the employer does not need to know about any information such as the kind of vaccine, dosage, date of expiry of the vaccine, health card number or any other information contained on the respective proof of vaccination provided by the various health authorities across our

 

Please feel free to share this message.

 

 

In solidarity;

 

Roch Leblanc

Telecommunication Director Directeur des Téléc