UK Union Warns of Cash Shortage Over Christmas Due to Strike [BNN Bloomberg (Canada)]
Walgreens Boots Alliance, Inc. (WBA)
Last walgreens boots alliance, inc. earnings: 4/2 07:00 am
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Source: BNN Bloomberg
The GMB union, which represents delivery staff at G4S Cash, wrote to the chief cashier at the Bank of England to say that shortages are likely. G4S delivers money to retailers including Tesco Plc, Walgreens Boots Alliance Inc. and Asda Group Ltd. as well as to banks including Barclays Plc. The union's members are due to hold a 48 hour strike following a ballot over pay that showed 97% of its members supported action. The company offered a 6.5% wage increase, which is well short of the 11.1% rate of inflation. “G4S Cash staff are low paid workers doing a dangerous job, transferring the cash so many of us still rely on every day,” said Eamon O'Hearn, national officer at GMB. “These staff provide a vital service. If they walk out, there is a real risk of cash shortages over the festive period.” GMB said it believes the Bank of England pressed G4S into improving its offer the last time the workers voted to strike, noting the central bank's insurers demand that minimum staffing leve
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WBA
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WBA
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