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Teekay Shipping in Talks with Port Workers Regarding Potential Strike in Australia
May. 20, 2014 09:48AM PST
Base Metals Investing
Reuters reported that Australian shipping company Teekay Shipping participated in mediation talks sponsored by government in an attempt to come to stop an impending strike by Australian port workers. BHP has said that a strike would cost $100 million in lost revenue each day, according to Reuters.
Reuters reported that Australian shipping company Teekay Shipping participated in mediation talks sponsored by government in an attempt to come to stop an impending strike by Australian port workers. BHP has said that a strike would cost $100 million in lost revenue each day, according to Reuters.
As quoted in the publication:
Deckhands, represented by the Maritime Union of Australia, last week approved plans to strike for one, two or seven days but have yet to decide whether to stop work. Any strike by them would have to take place by June 11. Teekay and the union had mediation talks on Tuesday held by Australia’s industrial tribunal, the Fair Work Commission. A second round is due to take place in June. If there is no resolution, one way the government could halt a strike by arguing the action would hurt Australia’s economy.