Following a strike vote by the union that represents Laurentian Bank’s unionized employees, the bank reiterates that it remains willing to bargain and believes an agreement can be reached through the mediation process.

The bank says it is fully prepared to return to the bargaining table according to the schedule proposed by the mediator, having asked the mediator to call the parties to a new bargaining session a few days ago.

It says that the proposals it has put forward are aimed above all at enabling it to provide superior service adapted to clients’ needs and consumption patterns while ensuring that its employees continue to enjoy working conditions among the best in the Canadian banking industry.

The bank categorically denies that it is seeking to eliminate employees’ job security or end unionization at the institution. On the contrary, it says it hopes to lay the foundation for a relationship that is both built on understanding and the community of interests it shares with the union and its employees and focused on clients’ legitimate expectations.

The bank also notes that obtaining a strike vote does not automatically mean a strike will take place. Before the union may call a strike, it must provide notice at least 72 hours prior to the expected start of the strike. In the event a strike is called, the bank will implement its contingency plan to maintain service to its clients.

Laurentian continues to believe in the mediation process and is confident that a mutually acceptable agreement will be reached.