UPDATE 1-Steel workers’ union says ShawCor to shut Calgary unit

* Says Shaw to close its Barlow facility permanently

* Says severance offered falls short of norms

May 14 (BestGrowthStock) – Shaw Pipe Protection, owned by the
energy services company ShawCor Ltd (SCLa.TO: ), notified United
Steelworkers that operations at the Barlow Trail facility in
Calgary would end effective July 30, the steel workers’ union
said.

ShawCor is requesting workers to sign an agreement
specifying terms of a severance, which would be drafted by the
company, the union said in a statement.

The offer of a lump-sum payment of C$150,000 for about 30
workers falls short of severance entitlements provided by
Alberta’s Labour Relations Code, the statement said.

Shawcor has over 5,800 employees working in the company,
according to its website.

Stock Investing
(Reporting by Aftab Ahmed in Bangalore; Editing by Roshni
Menon)
([email protected]; within U.S. +1 646 223 8780;
outside U.S. +91 80 4135 5800; Reuters Messaging:
[email protected]))

UPDATE 1-Steel workers’ union says ShawCor to shut Calgary unit