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

 


Workers to strike at Lyttelton Port as pay negotiations fail

Workers to strike at Lyttelton Port as pay negotiations fail

By Suze Metherell

April 28 (BusinessDesk) – Workers at Christchurch’s ocean port plan to strike after pay negotiations between Lyttelton Port Co and the Rail and Maritime Transport Union fail.

The logistic officers, who are responsible for planning the movement of freight and cargo across the wharves, will strike from Friday between 11 pm to 7 am Saturday morning, the RMTU said in a statement. The 11 workers are seeking a 4 percent increase in pay over the next 12 months, above the 2.85 percent offered by management.

“The sticking point in the talks is pay, although ironically money doesn’t seem to be the issue as it would cost LPC only around $10,000 to settle this dispute,” said John Kerr, RMTU South Island organiser. The members have been negotiating since before Christmas, he said.

RMTU said port management didn’t want to set a precedent for negotiations for a wider collective agreement which covers over 400 port workers. Lyttelton Port wasn’t immediately available for comment.

In February the port resumed dividend payments for the first since they were suspended in 2010 following damage sustained in the Canterbury earthquakes. The company had a $438.3 million settlement with Vero, NZI and QBE, of which it recognised $357.6 million in insurance income in the six months ended Dec. 31, 2013.

Shares were unchanged at $3.19 on the NZX and have gained 39 percent in the past year. The stock is tightly held with Christchurch City Holdings, the investment arm of the council, owning about 80 percent of the company, while Port Otago holds another 15 percent.

(BusinessDesk)

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Media: Julian Wilcox Leaves Māori TV

Māori Television has confirmed the resignation of Head of News and Production Julian Wilcox. Mr Maxwell acknowledged Mr Wilcox’s significant contribution to Māori Television since joining the organisation in 2004. More>>

ALSO:

Genetics: New Heat Tolerant Cow Developed

Hamilton, New Zealand-based Dairy Solutionz Ltd has led an expert genetics team to develop a new dairy cow breed conditioned to thrive in lower elevation tropical climates and achieve high milk production under heat stress. More>>

Fractals: Thousands More Business Cards Needed To Build Giant Sponge

New Zealand is taking part in a global event this weekend to build a Menger Sponge using 15 million business cards but local organisers say they are thousands of business cards short. More>>

Scoop Business: NZ Net Migration Rises To Annual Record In September

New Zealand’s annual net migration rose to a record in September, beating government forecasts, as the inflow was spurred by student arrivals from India and Kiwis returning home from Australia. More>>

ALSO:

Scoop Business: Fletcher To Close Its Christchurch Insulation Plant, Cut 29 Jobs

Fletcher Building, New Zealand’s largest listed company, will close its Christchurch insulation factory, as it consolidates its Tasman Insulations operations in a “highly competitive market”. More>>

ALSO:

Scoop Business: Novartis Adds Nine New Treatments Under Pharmac Deal

Novartis New Zealand, the local unit of the global pharmaceuticals firm, has added nine new treatments in a far-ranging agreement with government drug buying agency, Pharmac. More>>

ALSO:

Crown Accounts: English Wary On Tax Take, Could Threaten Surplus

Finance Minister Bill English is warning the tax take may come in below forecast in the current financial year, as figures released today confirm it was short by nearly $1 billion in the year to June 30 and English warned of the potential impact of slumping receipts from agricultural exports. More>>

ALSO:

Get More From Scoop

 
 
Standards New Zealand

Standards New Zealand

Mosh Social Media
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news