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

 


UPDATED: Lyttelton Port rejects logistics officer pay claim

UPDATED: Lyttelton Port rejects logistics officers’ pay demand, will use managers during overnight strike

By Suze Metherell

April 28 (BusinessDesk) – Peter Davie, chief executive of Lyttelton Port Co, says the South Island’s biggest port operator has rejected a demand for a 4 percent pay rise from logistics officers and will use managers to cover their work during a strike this week.

The company’s 11 logistics officers, who are responsible for planning the movement of freight and cargo across the wharves, will strike from 11 pm on Friday until 7 am Saturday morning after talks broke down over the pay demand, the Rail and Maritime Transport Union said. The company had offered a 2.85 percent increase over 12 months.

“The work that those people do will be covered by management staff so there won’t be any disruption to our shipping services as a result of it,” Davie told BusinessDesk. “It’s not our major workforce, they’re a group that does a specialist job for us.”

“The 4 percent they’re asking for is well above the rate of inflation and what other people are getting, so we don’t think it’s warranted given that they’re not prepared to have any discussions in the negotiations around productivity.”

While the union said it is “happy” to discuss productivity, Davie says by the labour body won’t discuss it until agreement has been reached on the pay rise.

The port’s shares fell 0.6 percent to $3.17 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 15 percent.

RMTU said port management didn’t want to set a precedent for negotiations for a wider collective agreement which covers over 400 port workers. Negotiations have been ongoing since before Christmas with the union arguing the increase would only cost the company $10,000 and it has set a precedent by giving Davie himself a pay rise.

Davie’s remuneration rose 2.5 percent last financial year to $1.05 million, according to the port’s annual report. He says his own pay is “irrelevant” to the industrial dispute.

“If they want to ask what workers around the country have gained, the average wage increase is not 4 percent, it’s a lot lower than that, I can guarantee them that,” Davie said. “I think the union needs to start being realistic in their demands.”

“There hasn’t been any negotiation, it’s just been a demand – we want this or else. We don’t think that’s a negotiation quite frankly,” he said.

In February the port resumed dividend payments for the first time 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.

(BusinessDesk)

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Must Sell 20 Petrol Stations: Z Cleared To Buy Caltex Assets

Z Energy is allowed to buy the Caltex and Challenge! petrol station chains but must sell 19 of its retail sites and one truck-stop, the Commerce Commission has ruled in a split decision that acknowledges possible retail price coordination between fuel retailers occurs in some regions. More>>

ALSO:

Huntly: Genesis Extends Life Of Coal-Fuelled Power Station To 2022

Genesis Energy will keep its two coal and gas-fired units at Huntly Power Station operating until 2022, having previously said they'd be closed by 2018, after wringing a high price from other electricity generators who wanted to keep them as back-up. More>>

ALSO:

Dammed If You Do: Ruataniwha Irrigation Scheme Hits Farmer Uptake Targets

Enough Hawke's Bay farmers have signed up for water from the proposed Ruataniwha Water Storage Scheme for it to go ahead as long as a cornerstone institutional capital investor can be found to back it, its regional council promoter announced. More>>

ALSO:

Reserve Bank: OCR Stays At 2.25%

Reserve Bank governor Graeme Wheeler kept the official cash rate at 2.25 percent, in a decision traders had said could go either way, while predicting inflation will pick up as the slump in oil prices washes out of the data and capacity pressures start to build in the economy. More>>

ALSO:

Export Values Down: NZ Posts Biggest Annual Trade Deficit In 7 Years

New Zealand has recorded its biggest annual trade deficit since April 2009, reflecting weaker prices of agricultural commodities such as dairy products, beef and lamb, and increased imports of vehicles and machinery. More>>

ALSO:

Currency Events: NZ's New $5 Note Wins International Banknote Award

New Zealand’s new Brighter Money $5 note has been named Banknote of the Year in a prestigious international competition. The $5 note was awarded the IBNS Banknote of the Year title at the International Bank Note Society’s annual meeting. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news