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From Reuters:
Tugboat workers agreed on Thursday to suspend plans to go on strike at Australia’s biggest iron ore port till at least late June, just as miners stepped up efforts to avert action that could halt a quarter of the world’s seaborne iron ore supply.
…The MUA said on Thursday it would hold off industrial action for 30 days but would seek a 30-day extension on an existing approval for a possible strike to allow more time for talks with the tugboat operator, Teekay Shipping.
“Discussions between the two parties this week have been productive and both parties would like to see if we can reach a negotiated outcome without the need for industrial action,” Will Tracey, the MUA’s West Australian secretary, said in a statement.
About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific's leading geo-politics and economics portal.
He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.
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