Wednesday 7 January 09 - 23:49
 

News Australasia

Agreement promises stability for Lyttelton

A three-year collective employment agreement has been signed by Lyttelton Port of Christchurch (LPC) and the Combined Unions.

Port Strategy: Port set to benefit for renewed labour agreement
Port set to benefit for renewed labour agreement

It entails an initial 4.45% increase to wages, salaries and allowances with CPI-based rises in the next two years, with an additional 1.5% “catch up” increase in the first year.

Meanwhile, strong trade volumes in recent months and lower-than-expected costs have seen LPC lift its full financial year profit forecast from NZ$9.6m (US$7.3m) to possibly NZ$10.5m (US$8m).

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