Strike action wins new pay deal at Fedex in South Africa

Written by Admin | 19 October 2009

ITF global delivery network

Transport workers at Fedex in South Africa, who walked out on strike earlier this month, have won a significant pay deal.

The workers, represented by the ITF-affiliated South African Transport and Allied Workers' Union (Satawu), took strike action across South Africa on 7 September after managers refused to consider their demand for an 11 per cent pay increase, offering only eight per cent.

However, following negotiations on 16 September in Meadowdale, Fedex managers agreed to a 10 per cent across the board wage rise, a settlement that the workers were happy to accept. The agreement also included a 12 per cent shift allowance, along with a 14 per cent shift allowance increase from 1 July 2010.

UPS to Release 3rd Quarter Results on Thursday, Oct. 22, 2009

Written by Admin | 19 October 2009

Atlanta, October 14, 2009

UPS (NYSE:UPS) will announce its third quarter results on Thursday, Oct. 22, 2009, at approximately 7:45 a.m. Eastern Daylight Time.

At 8:30 a.m. EDT, UPS Chairman and CEO Scott Davis and Chief Financial Officer Kurt Kuehn will conduct an investor conference call. This call will be open to reporters and the public, on a listen-only basis, via a live Webcast. 

To listen to the live Webcast: Go to http://investor.shareholder.com/ups/index.cfm.

The Webcast audio then will remain accessible on the Investor Relations Website for a limited time.

Source:  UPS Pressroom

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