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Hub Issues Lockout Notice

MONCTON, New Brunswick – Hub Meat Packers
announced today that the United Food and Commercial Workers local 1288P advised
the company of its intention to go on strike as soon as possible. In response
the company has issued 24-hour lockout notice. The lockout will be effective as
of October 20 at 12:15 a.m. Employees voted to reject the company’s best offer
yesterday.

“We did everything we could to make a deal
and they turned us down,” said David Rinzler, President of Hub Meat Packers.
“Our preference has always been to reach a settlement through negotiations.”

Negotiations started in June and included
talks with a conciliator and a mediator. The company’s best offer would have
provided stability for the employees and the plant for two years in the face of
a very competitive industry. The offer included maintaining current wages,
improvements to the pension plan and conversion of a number of employees from
part-time to full-time. The average total wage cost (wages and benefits) at Hub
for full time employees is more than $22.00 an hour.

Hub Meat Packers has arrangements with a
number of livestock producers in the region. The company will do what it can to
make alternate arrangements. Steps have also been taken to supply our retail
customers.

Hub Meat Packers was established by brothers
David, Harold, Gordon and Joseph Rinzler in 1966. The company employs
approximately 1,200 people. Plant operations include meat processing, packaging
and distribution.