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coal-investing

Expect More Strikes at Port Waratah Coal Services’ Export Terminals

Charlotte McLeod
May. 15, 2013 10:05AM PST
Industrial Metals Investing

Platts reported that more 12- and 24-hour strikes at Port Waratah Coal Services’ coal export terminals, located at the Australia-based Newcastle port, have been endorsed by union-affiliated workers.

Platts reported that more 12- and 24-hour strikes at Port Waratah Coal Services’ coal export terminals, located at the Australia-based Newcastle port, have been endorsed by union-affiliated workers.

As quoted in the market news:

Around 220 [Port Waratah Coal Services] employees unanimously decided on this course of action in a meeting held during a four-hour strike between 10 am Sydney time (0000 GMT) and 2 pm Wednesday. But the exact timing of the industrial action is to be decided at a meeting of union representatives, expected in the coming days.

Five unions are involved in the industrial dispute — the Australian Manufacturing Workers’ Union, the Maritime Union of Australia, the Transport Workers’ Union, the Communications, Electrical and Plumbing Union and the Australian Workers’ Union — and they have been negotiating with the company on a new workplace agreement since last year.

Click here to read the full Platts report.

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