Unlock Premium Data: Up to 50% Off InvestingProCLAIM SALE

BRIEF-DuluxGroup updates on union action at Rocklea site

Published 13/01/2016, 10:00 am
© Reuters.  BRIEF-DuluxGroup updates on union action at Rocklea site
DLX
-

Jan 13 (Reuters) - DuluxGroup Ltd DLX.AX :

* Union action at Rocklea paint manufacturing site DLX.AX

* Has been advised by united voice that union-represented employees at the Dulux business' Rocklea Site in Queensland have voted to take indefinite strike action, beginning today

* Says dulux has been negotiating a new enterprise agreement for the Rocklea Site for some months

* "Offered no adverse changes to existing conditions plus a 3% per annum pay rise"

* Dulux is absolutely committed to long term manufacturing and distribution at Rocklea

* Dulux firmly believes that its offer is fair and reasonable"

* Says there will be approximately 40 job losses at rocklea when dulux opens a new factory in Melbourne in late 2017

* More than 70% of rocklea's 150 operating staff will retain their jobs, and 60 new jobs will be created in Melbourne"

* "Dulux does not anticipate any significant disruption to its supply arrangements"

* Says it is not expected that this industrial action will have any material financial impact on DuluxGroup

* Says there will be some additional costs associated with the contingency plans

* Source text for Eikon ID:nASX774zbl

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.