Maersk warns of delays in Rotterdam after port workers' strike
Maersk has advised that, following a strike at Hutchison Port Delta II in Rotterdam on ...
WTC: RIDE THE WAVEFDX: TOP EXEC OUTPEP: TOP PERFORMER KO: STEADY YIELD AND KEY APPOINTMENTAAPL: SUPPLIER IPOCHRW: SLIGHTLY DOWNBEAT BUT UPSIDE REMAINSDHL: TOP PRIORITIESDHL: SPECULATIVE OCEAN TRADEDHL: CFO REMARKSPLD: BEATING ESTIMATESPLD: TRADING UPDATEBA: TRUMP TRADE
WTC: RIDE THE WAVEFDX: TOP EXEC OUTPEP: TOP PERFORMER KO: STEADY YIELD AND KEY APPOINTMENTAAPL: SUPPLIER IPOCHRW: SLIGHTLY DOWNBEAT BUT UPSIDE REMAINSDHL: TOP PRIORITIESDHL: SPECULATIVE OCEAN TRADEDHL: CFO REMARKSPLD: BEATING ESTIMATESPLD: TRADING UPDATEBA: TRUMP TRADE
More trouble in little Luxembourg. Three days of negotiation between Cargolux’s management and its unions has led to a refusal by the former to discuss the scope clause. The airline revealed that it was generating an operating profit but – in the words of the unions, anyway – the management’s decision is “unfortunate”. It added: “To simply dismiss $42 million in potential savings, a number that comes close to the initial company claim, can lead one to believe management is not being completely transparent with their true plans and intentions.” It also notes that Cargolux’s plan to implement lower pay for new employees creates “second-class citizens” at the airline. Expect more tension next year.
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