Asciano is transport infrastructure and operations company, formed from a de-merger from Toll Holdings in June 2007.

Asciano Fails To Reach Agreement To MUA

Asciano Fails To Reach Agreement To MUA

Asciano announced that it has been unable to reach an agreement with the Maritime Union of Australia over a new workplace agreement for container terminal employees.

This is the third time the parties have failed to reach an agreement via a conciliation process involving workplace umpire Fair Work Australia.

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The group said that local agreements have been struck with employees at Melbourne and Brisbane ports, except on a national dispute resolution procedure clause


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ASX Industrials Shares News: Asciano (AIO)|ASX AIO StocksAsciano (ASX:AIO) is transport infrastructure and operations company formed from a de-merger from Toll Holdings in June 2007 and joined the ASX 200 soon after.

Today, Asciano released its FY12 September quarter update, saying that it has performed well in uncertain economic times.

However CEO John Mullen did warn global economic conditions were difficult and unpredictable at present, and refrained from releasing specific guidance for the remainder of the FY12.

AIO reported coal volumes fell 9% in the September quarter, amid reduced export demand and delivery issues.

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