BT strike talks collapse June 10, 2010 TALKS between the Communication Workers Union and British Telecoms group BT aimed at averting the company’s first strike for more than two decades have broken down. BT made a fresh two-year pay offer this week but the CWU, which represents more than 50,000 BT workers, said it failed to make any improvement on the existing [...]
BT braces itself for staff action as impasse with its workers continues June 9, 2010 BT edged closer to its first strike action in more than 20 years yesterday as the?impasse between the telecoms giant and its workers dragged on. Members of the Communication Workers’ Union (CWU) have rejected two BT pay offers and have vowed to walk out if the firm does not meet their demands. Talks between the [...]
WHAT WILL HAPPEN IF THERE IS A BT STRIKE? June 9, 2010 Q. HOW OFTEN DO BT WORKERS GO ON STRIKE? A. Not very often. BT workers have not voted for strike action in more than 23 years – before the company was privatised in 1984. Q. WHO EXACTLY MAY BE GOING ON STRIKE? A. Members of the Communication Workers’ Union have voted in favour of possible [...]
BT staff closer to door as pay deal rejected June 8, 2010 BT staff may strike for the first time in over 20 years after a pay deal was rejected yesterday by the Communication Workers Union (CWU). The telecoms giant is locked in a bitter feud over pay with their staff. City A.M. has learned BT tabled a two year pay offer including a three per cent [...]
RMT UNION VOTES FOR TUBE STRIKE June 6, 2010 LONDON’S transport network could be thrown into chaos this summer after tube drivers voted in favour of strike action. A walk-out could spark the worst underground disruption since the two-day strike last June that left thousands of workers stranded. Rail union RMT’s members voted by more than 90 per cent to strike over a “continued [...]
WHAT THE OTHER PAPERS SAY THIS MORNING June 2, 2010 FINANCIAL TIMES ROLLS-ROYCE SPIRITS BUOYED BY GHOST Rolls-Royce says it will at least double its sales this year, thanks to the launch of its new Ghost model and a resurgance in demand for its high-priced cars around the world. Sales of the BMW-owned brand’s cars in China, where Rolls-Royce has seven dealerships, will for the [...]
ISPs slam Ofcom’s piracy rules June 1, 2010 OFCOM yesterday confirmed it will apply tough new anti-piracy laws only to internet service providers (ISP) with over 400,000 subscribers. The controversial Digital Economy Bill (DEB), passed after Gordon Brown had dissolved his government, will force ISPs to write to users suspected of piracy and could eventually force them to cut the users off. The [...]
BT workers vote for a strike ballot… May 26, 2010 BT workers could take industrial action after its union delegates unanimously backed a strike ballot over pay yesterday. The firm’s “blue collar” workers, represented by the Communication Workers Union (CWU), rejected BT’s two per cent pay rise at its annual conference. Now all 55,000 CWU members will vote on whether to escalate the dispute to [...]
… as top executives take home millions in bumper bonuses and share packages May 26, 2010 TOP BT executives received bumper bonuses yesterday, pouring petrol on the fires of unrest among the firm’s rank and file. Chief executive Ian Livingston topped up his £850,000 basic salary with a bonus of £1.2m. He also qualifies for £1.2m in shares that he can collect in three year’s time. He was offered a six [...]
BEST OF THE BROKERS May 25, 2010 INVESTEC Citigroup reiterates its “buy” rating for Investec and said that the bank’s client franchise businesses should benefit from an expected cyclical recovery in 2011. Moreover, Citi believes it is in a stronger competitive position than it was before the global financial crisis given the misfortunes of many of its peers. SANTANDER Evolution Securities maintains [...]