Industrial action in Australia
(Thomson Reuters ONE) - Farstad Shipping has been advised that our Australian vesseloperations will be affected by a two day stoppage of work on 17th and18th November brought on by the Maritime Union of Australia (MUA)which covers ratings and catering staff. The nature of the stoppagewill potentially affect 17 of the 20 Farstad vessels working on theAustralian coast. The extent to which each vessel may be affected isin turn dependant on the safety parameters concerning each vessel'soperation to give priority to safety.The stoppage is in connection with the review of Farstad Shipping'sagreement with the union which usually operates for a period of threeyears. The Maritime Union of Australia has chosen direct actioninstead of voluntary conciliation or arbitration as proposed byFarstad Shipping. The MUA has negotiations running concurrently with12 companies and the key outstanding issues could result inindustrial action being rolled out across the industry.The financial impact on Farstad Shipping is depending on the actualnumber of vessels being involved. A potential loss of revenue in therange of NOK 3-4 million per day might be expected as a maximum. Theinitial action is for 48 hours however the MUA might come back toFarstad Shipping as part of its industry wide campaign.This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
Datum: 12.11.2009 - 16:00 Uhr
Sprache: Deutsch
News-ID 8317
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Business News
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