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Stock impact report

UK's Felixstowe Port Seals 8.5% Pay Deal With Dock Workers [BNN Bloomberg (Canada)]

CK HUTCH HLD LTD UNSP/ADR (CKHUY) 
NASDAQ:AMEX Investor Relations: ckh.com.hk/en/ir
Company Research Source: BNN Bloomberg
The port, owned by a unit of CK Hutchison Holdings Ltd., will also pay workers a £1,000 bonus in the deal that is effective Jan. 1, 2023, a spokesman for the port said in an email. Workers at Felixstowe were among the first groups to strike in the summer over wages. Industrial action has subsequently spread into walkouts by postal workers, railway employees and even nurses and ambulance staff as wages fail to keep pace with the soaring cost of living. Read More: Felixstowe Dockers Plan New Strike in Threat to UK Trade Felixstowe said that this was the earliest it had concluded an agreement on the annual pay review. “It provides welcome certainty and stability at a time when our employees, like everyone else, are facing an increase in the cost of living,” Robert Ashton, the chief operating officer of the port, said in the email. ©2022 Bloomberg L.P. Top Picks Show less Read more
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