Liverpool Dockworkers Reject Pay Offer, Plan Strike Next Week [Business News Network (BNN) (Canada)]
CK HUTCH HLD LTD UNSP/ADR (CKHUY)
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Source: Business News Network
nation's fourth-biggest gateway for global trade in a widening labor dispute that threatens more strains on the British economy. The unanimous vote took place at a stop work meeting late Monday, with port operatives and the engineering department turning down Peel Ports Ltd.'s proposal of a 7% wage increase and a one-time payment of £750 ($875). Organizers estimated the turnout at about 500 members and pledged to picket 24 hours a day starting Sept. 20. The UK's supply chains are growing increasingly fragile heading into the peak season for pre-holiday shipping and a winter of soaring heating bills. Liverpool's dockworkers are trying to get a pay increase closer to the rate of inflation, which has soared above 10%. In a separate vote, workers at Felixstowe rejected a pay deal imposed by management, paving the way for a new round of industrial action and disruption at Britain's busiest container port. That walkout is set to occur Sept. 27 to Oct. 5. If the two ports' strikes ov
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