Felixstowe Dockers Offered £500 Bonus in Bid to Stop Strike [Business News Network (BNN) (Canada)]
CK HUTCH HLD LTD UNSP/ADR (CKHUY)
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Source: Business News Network
Unions will put the offer, which comes on top of a 7% pay rise, to salaried staff at the port. However, staff paid hourly at Felixstowe will not have the offer put to them as Unite, the labor group, holds out for a better deal. Members of Unite last week voted to strike from Aug. 21 to Aug. 29. The port is a key hub for imports as well as some exports from the UK, and accounts for nearly half the country's container trade. The strikes will have a “huge effect” on supply chains and cause severe disruption to international maritime trade, according to the union, which represents almost 2,000 dock workers and is vowing a full shutdown of the port. “There will be no winners from a strike which will only result in their members losing money they would otherwise have earned,” a spokesperson for Hutchison Ports UK said in a statement Tuesday. The unit of CK Hutchison Holdings Ltd. said it had urged the union to reconsider its offer and take it to all its members. Dock workers in Liv
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