Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


Airport company payout angers workers

June 30, 2005

Airport company payout angers workers

Auckland International Airport Company has an inflamed and already tense industrial situation by today announcing that it will pay an extra $200 million back to shareholders.

More than 70 AIAC employees, including the people who marshall aircraft, will strike tomorrow in support of their claim for a 5% pay rise.

Engineering, Printing and Manufacturing Union national secretary Andrew Little said that workers were angry to see the directors and shareholders receiving such large sums of money when workers were being refused a fair share.

“We’ve said that this company is awash with cash, and today they have proved it again by announcing that they would pay an extra $200 million in spare cash to shareholders,” he said.

“Directors have already been given a 66% rise in fees, and shareholders’ dividends are up 50%. We don’t begrudge them a good income, but workers are entitled to a decent pay rise too.

Mr Little said that the company had raised its pay offer from 3.5% to 4% plus a cash payment during informal mediation this week, but that wasn’t good enough.

“These workers will not settle for less than 5%,” he said.

“It’s what most other workers around the country are getting, and this company can certainly afford to pay that much.”

The 24 hour strike will start at midnight tonight, and an overtime ban began yesterday. Mr Little said that the workers were sorry if their action interrupted people’s travelling plans but there seemed to be no other way to make the company take the workers seriously.


© Scoop Media

Business Headlines | Sci-Tech Headlines


Watch This Space: Mahia Rocket Lab Launch Site Officially Opened

Economic Development Minster Steven Joyce today opened New Zealand’s first orbital launch site, Rocket Lab Launch Complex 1, on the Mahia Peninsula on the North Island’s east coast. More>>


Marketing Rocks!
Ig Nobel Award Winners Assess The Personality Of Rocks

A Massey University marketing lecturer has received the 2016 Ig Nobel Prize for economics for a research project that asked university students to describe the “brand personalities” of three rocks. More>>


Nurofen Promotion: Reckitt Benckiser To Plead Guilty To Misleading Ads

Reckitt Benckiser (New Zealand) intends to plead guilty to charges of misleading consumers over the way it promoted a range of Nurofen products, the Commerce Commission says. More>>


Half A Billion Accounts, Including Xtra: Yahoo Confirms Huge Data Breach

The account information may have included names, email addresses, telephone numbers, dates of birth, hashed passwords (the vast majority with bcrypt) and, in some cases, encrypted or unencrypted security questions and answers. More>>


Rural Branches: Westpac To Close 19 Branches, ANZ Looks At 7

Westpac confirms it will close nineteen branches across the country; ANZ closes its Ngaruawahia branch and is consulting on plans to close six more branches; The bank workers union says many of its members are nervous about their futures and asking ... More>>

Interest Rates: RBNZ's Wheeler Keeps OCR At 2%

Reserve Bank governor Graeme Wheeler kept the official cash rate at 2 percent and said more easing will be needed to get inflation back within the target band. More>>


Get More From Scoop

Search Scoop  
Powered by Vodafone
NZ independent news