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BRIEF-Boom Logistics Announces Strike At Port Kembla, Singleton, And Newcastle Depots

Published 02/11/2018, 12:03 pm
Updated 02/11/2018, 12:10 pm
© Reuters.  BRIEF-Boom Logistics Announces Strike At Port Kembla, Singleton, And Newcastle Depots
BOL
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Nov 2 (Reuters) - Boom Logistics Ltd BOL.AX :

* BOOM EBA WORKFORCE COMMENCED INDEFINITE STRIKE ACTION AT PORT KEMBLA, SINGLETON, AND NEWCASTLE DEPOTS ON OCT 15

* STRIKE HAVING SIGNIFICANT NEGATIVE IMPACT ON RESULTS IN HUNTER VALLEY REGION; CHALLENGING ECONOMIC VIABILITY OF OPERATIONS AT SINGLETON, NEWCASTLE

* EXPECTS A MINIMUM IMPACT OF CIRCA $3M EBITDA ON GROUP RESULTS FOR FY19 DUE TO STRIKE

* ACTIONS TO MITIGATE IMPACT BEING CONSIDERED GIVEN THAT AGREEING TO UNION INCREASES WOULD MAKE SINGLETON AND NEWCASTLE BUSINESSES UNECONOMIC

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