Deal close at Lyttleton Port, union says
By Nikki Mandow March 8 (BusinessDesk) - Lyttleton Port Company and the Rail and Maritime Transport Union are within “a fag paper” width of reaching an agreement and averting a strike, the union says. LPC has offered a 3 percent pay increase each year for the next three yea...
Banning foreign property investors could kill the build-to-rent market, Eaqub says
By Nikki Mandow March 8 (BusinessDesk) - Outspoken rental housing advocate Shamubeel Eaqub warns that by shutting out foreign investors, the Overseas Investment Amendment Bill will make it impossible to build enough new rental properties to meet the country's housing needs....
UPDATE2: Lyttleton Port workers accuse owners of illegal lockout
(Recasts and adds detail) By Nikki Mandow March 7 (BusinessDesk) - The Rail and Maritime Transport Union says Lyttleton Port Co’s decision not to pay workers over the weekend is an illegal lockout. The two sides were in mediation today to try to resolve a dispute over la...
UPDATE: No breakthrough yet in Lyttleton Port strike mediation
(Recasts and adds detail throughout) By Nikki Mandow March 7 (BusinessDesk) - Mediation talks between Lyttleton Port Co and the Rail and Maritime Transport Union broke for lunch without any deal being done - and with a new complication in the mix. The talks, which stem f...
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