The CEO of the CNE is projecting a loss of about $1.5-million this year, as the lockout of stagehands and technical staff at Exhibition Place continues.
In a letter to Mayor John Tory and city council, Virginia Ludy said the lockout has had a “significant negative impact” on the CNE.
“As we have repeatedly warned the Mayor, the Board of Governors of Exhibition Place and City Councillors, this lockout is having a significant negative impact on both attendance and revenues at the 2018 CNE,” she wrote.
“Despite overwhelmingly positive feedback from visitors over our initial few days, we regret to report that our projected losses to-date are in the range of $1.5 million.”
City council met behind closed doors on Tuesday and backed a motion that urged the two sides in the labour dispute to consider binding arbitration.
But the president of International Alliance of Theatrical Stage Employees Local 58, the union behind the workers, told Breakfast Television, that’s nothing new.
“The problem is, we are already in mediation,” Justin Antheunis explained.
“We’ve been in mediation with the City of Toronto since April and so for them to pass a resolution, or whatever they passed, to send us to mediation, that’s just saying that they’re happy with the status quo.”
More than 400 stagehands and technical employees have been locked out since July 20, after months of bargaining with Exhibition Place.