🔮 Better than the Oracle? Our Fair Value found this +42% bagger 5 months before Buffett bought itRead More

Balfour Beatty's engineering workers to stage strikes in March

Published 02/18/2023, 01:46 PM
Updated 02/18/2023, 01:50 PM
© Reuters. FILE PHOTO: A sign of  Balfour Beatty is seen at a construction site in London, Britain October 30, 2015.  REUTERS/Reinhard Krause/Files
BAFYY
-

(Reuters) - More than 100 engineering workers at Balfour Beatty (OTC:BAFYY) will stage three 48-hour strikes in March over pay disputes, British trade union RMT said on Saturday.

The decision comes after the National Union of Rail, Maritime and Transport workers (RMT) rejected the company's offer to increase pay by 5.5% from April 2022.

"Balfour Beatty is a highly profitable company and they need to use some of their excess wealth to reward their workers properly," RMT General Secretary Mick Lynch said.

© Reuters. FILE PHOTO: A sign of  Balfour Beatty is seen at a construction site in London, Britain October 30, 2015.  REUTERS/Reinhard Krause/Files

The strikes will start at 2200 GMT on Fridays to 0959 GMT on Sundays from March 3 to March 5, March 10 to March 12, and March 17 to March 19.

Hundreds of thousands of workers, many from the public sector, have been going on strike across Britain over the past year as they demand pay rises from employers that take into account the worst inflation in four decades.

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.