Railroads Wind Down Shipments as Strike Deadline Looms
By Kim Chipman and Ryan Beene (Bloomberg) — US railroads are poised to stop shipments of farm products and other key goods starting Thursday as the industry braces for a possible...
By Eamon Akil Farhat, Caroline Hepker and Stephen Carroll (Bloomberg) —
Strikes at the UK’s largest container ship port could extend beyond the eight days currently planned by unions, threatening more disruption to the country’s supply chains.
Sharon Graham, general secretary of the Unite union, told Bloomberg Radio that workers at Felixstowe want a 10% raise, up from the port operator’s offer of 7% and a £500 one-off bonus.
Inflation is on track to rise above 18% next year, investment bank Citigroup predicted on Monday. It has already climbed to 10.1%.
Graham said it would be “totally unacceptable” for workers at Felixstowe, which is owned by a unit of CK Hutchison Holdings Ltd., to accept a pay rise below the rate of inflation.
The union “will do everything in our power” to secure higher pay, she added.
Strikes have broken out across Britain as workers demand pay hikes that keep pace with a rapid jump in living costs. Commuters and tourists were hit by three days of walkouts on the rail network last week, affecting 14 train companies as well as the London Underground.
Barristers, as criminal lawyers are known in the UK, also started the week by voting for indefinite industrial action amid a row with the government over funding and fees.
–With assistance from Leigh-Ann Gerrans and Lizzy Burden.
© 2022 Bloomberg L.P.
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