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

 

Time for shareholders to share with the workers

Time for shareholders to share with the workers - Casino union members to picket SkyCity AGM


As SkyCity Casino shareholders attend their AGM tomorrow morning they will be met by striking SkyCity Casino workers fighting to “Bring Back the Weekend”.

“Shareholders will have to walk past some of their low paid employees who are simply asking for some recognition for the unsociable hours they work to generate the huge profits for the shareholders.“ says Skycity site Convenor Joe Carolan.

’It’s time for the shareholders to share with the workers who deliver the profits to them”

A strike ballot of union members today saw 98% vote for the strike over the weekend from 6am Friday to 8am Monday.

SkyCity’s major shareholders are mostly global banks such as HSBC, JP Morgan and Citibank. Nearly half are Aussie based and 80% is held by the twenty largest shareholders, with New Zealand retail shareholders owning just 16%.

The shareholders meeting comes as SEA-Unite reveals that up to 100 convention centre jobs are under threat because of the delays to the new Convention Centre, despite it being reported that SkyCity has received $40million in compensation for the delay.

“So Fletchers stuffs up and the shareholders get compensated for loss of profits, but the workers get….sacked. Maybe the shareholders and executives need a stint at play-centre to learn what all parents teach their toddlers - you can’t keep all the toys to yourself all the time, its better for everyone if you share.”

ends

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Auckland Port Move: Cabinet Ministers Deliberate On Report

Cabinet ministers now have a copy of a report urging the government to move the Auckland port up north, but say no final decisions have been made. More>>

ALSO:

Toxicology Tests Planned: Dead Rats Washed Up On Beaches

As many as 600 rats washed up on Westport's North Beach over the weekend to the horror of locals. DOC said they may have been killed by a recent 1080 poison drop 140km away and washed down the Buller River after heavy rain battered the coast. More>>

ALSO:

Transition To Low Carbon: Mineral And Petroleum Resource Strategy

Responsibly Delivering Value – A Minerals and Petroleum Strategy for Aotearoa New Zealand: 2019-2029 has been developed to provide the direction for the sector in the transition to a low carbon and productive, sustainable and inclusive economy. More>>

ALSO:

MethaneSAT: Methane Satellite Mission Control In New Zealand

Mission Control for an international space mission to help tackle climate change will be based in New Zealand, with the Government putting $26 million towards the state-of-the-art satellite...More>>

ALSO:

Real Estate: Late Spring Surge

The continued shortage of quality real estate listings, coupled with record low mortgage interest rates have combined to add some zing to the property market over October. More>>

Wellbeing Stats: Finances Less Terrible And Less Great

According to results from the General Social Survey, the proportion of people who felt they had enough or more than enough money to meet everyday needs increased from 51 percent in 2008 to 63 percent in 2018, Stats NZ said today. More>>

ALSO: