Yellow Pages Completes Process of Restructuring Collective Bargaining Agreements for Virtually All Unionized Sales Representatives
Montreal, Quebec, January 25, 2019 – Yellow Pages Limited (TSX: Y) (“Yellow Pages” or the “Company”) announced today that its sales representatives in Toronto have ratified a new collective bargaining agreement, bringing to a substantial close a year-long process of restructuring and modernizing the Company’s relationship with its unionized sales representatives across Canada.
All of the completed agreements provide the Company new ability to reward superior performers, compensate them for profitable revenue growth, assign accounts to them in ways that it deems best for the Company and its customers, evaluate and manage individuals based on results, and make changes promptly, in response to the shifting needs of its competitive marketplace.
“The process has been long and challenging, but we are extremely pleased with the outcome. We have now laid the groundwork necessary for achieving real improvement in our revenue trends, for the benefit of all of our constituencies. I want to thank our talented sales professionals for their support and flexibility, and for their leadership as we move forward together,” commented David Eckert, President and Chief Executive Officer of Yellow Pages.
With the Toronto ratification, new agreements are now in place covering all but a dozen of the Company’s hundreds of unionized sales representatives.
About Yellow Pages Limited
Yellow Pages Limited (TSX: Y) is a Canadian digital media and marketing company that opportunities for buyers and sellers to interact and transact in the local economy. Yellow Pages holds some of Canada’s leading local online properties including YP.ca, Canada411.ca, 411.ca and Bookenda.com. The Company also holds the YP, YP Shopwise, YP Dine, Canada411, 411 and Bookenda mobile applications and Yellow Pages print directories. For more information visit www.corporate.yp.ca.
Senior Vice-President, Chief Financial Officer