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Stagecoach Media Release

Media Release

Stagecoach Auckland and the Stagecoach Combined Unions have been in mediation over the last two weeks.

Good progress has been made on the remaining non-monetary issues, however the parties have remained some distance apart on the term and the pay rates.

In an endeavour to achieve a settlement based on a pay rate of $16 as sought by the Combined Unions, the mediator, Keith Handley, has suggested a new concept based on the following:

- A two year term

- A top pay rate of $16.00

- A lump sum payment

- Changes in the way in which overtime is paid.

Because this is a new approach it will require a comprehensive consultation process with employees. The parties have agreed to a timetable for this process, which will involve a presentation from both management and union representatives.

No further statement will be made until the conclusion of this process.

PLEASE NOTE

THERE WILL BE NO DISRUPTION TO ANY STAGECOACH BUS SERVICES DURING THE CONSULTATION PROCESS

(end)

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