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Waste Connections sees $1M in additional 4Q costs due to strike


Published : Thu, 22 Nov 2007 00:24
By : Agencies
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SAN FRANCISCO (Thomson Financial) - Waste Connections Inc. said late Wednesday roughly 55 employees in El Paso, Texas, including certain mechanics, shop personnel and drivers seeking a contract, declared a strike.

The Folsom, Calif.-based waste services company said it has temporarily transferred in additional personnel to join the drivers not participating in the strike to both 'minimize any disruption to current operations and train permanent strike replacements.'

Waste Connections said it currently expects to incur roughly $1 million of additional costs in the fourth quarter as a result of the labor action.

Shares of Waste Connections fell 30 cents to close at $32.27.

Gabriel Madway

gm

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