U.S. Markets closed
  • S&P 500

    3,585.62
    -54.85 (-1.51%)
     
  • Dow 30

    28,725.51
    -500.09 (-1.71%)
     
  • Nasdaq

    10,575.62
    -161.88 (-1.51%)
     
  • Russell 2000

    1,664.72
    -10.21 (-0.61%)
     
  • Crude Oil

    79.74
    +0.25 (+0.31%)
     
  • Gold

    1,668.30
    -3.70 (-0.22%)
     
  • Silver

    19.01
    -0.02 (-0.13%)
     
  • EUR/USD

    0.9802
    -0.0017 (-0.1764%)
     
  • 10-Yr Bond

    3.8040
    +0.0570 (+1.52%)
     
  • Vix

    31.62
    -0.22 (-0.69%)
     
  • GBP/USD

    1.1148
    +0.0025 (+0.2230%)
     
  • USD/JPY

    144.6700
    +0.2270 (+0.1572%)
     
  • BTC-USD

    19,257.58
    -6.97 (-0.04%)
     
  • CMC Crypto 200

    443.49
    +0.06 (+0.01%)
     
  • FTSE 100

    6,893.81
    +12.22 (+0.18%)
     
  • Nikkei 225

    25,937.21
    -484.89 (-1.84%)
     

UPDATE 2-Hundreds of Liverpool dockworkers begin two-week strike over pay

·2 min read

(Adds details from Peel Ports statement, background)

Sept 20 (Reuters) - Over 500 dockworkers at the Port of Liverpool, one of Britain's largest container ports, have launched a two-week strike over pay, the Unite trade union said on Tuesday, adding to a wave of industrial unrest caused by soaring inflation.

The Liverpool strike from Sept. 19 to Oct. 3, which was announced nFWN30825B earlier this month, will overlap a second walkout by workers at Felixstowe, Britain's top container port, which starts on Sept. 27.

More than 560 port operatives and maintenance engineers employed by Mersey Docks and Harbour Company (MDHC) are striking in Liverpool over a pay rise equating to about 8.3%, Unite said.

Peel Ports Group, which owns MDHC, said workers had rejected a 8.3% pay rise, enhanced with a one-off payment of 750 pounds ($853.05). The union's pay rise demands equate to about 20%, it added.

With inflation having topped 10% in July and projected by the Bank of England to exceed 13% next month, Unite says MDHC's pay offer represents a "real terms pay cut."

It is the latest strike to disrupt rail services across Britain this summer and comes as industrial unrest affects a range of industries, from aviation and transport to nurses and lawyers.

In a statement on Tuesday, Peel Ports said it had committed to a shift pattern change that would result in a 25% reduction in night-shift working.

The average salary for container operatives would increase to about 43,000 pounds ($48,908.20) a year, it added.

"We urge the union to work with us at the negotiating table so together we can find a resolution,” Peel Ports said.

Unite's Liverpool port workers are also striking over MDHC's failure to honour the 2021 pay agreement, the union said in its statement. ($1 = 0.8792 pounds) (Reporting by Akriti Sharma in Bengaluru Editing by Marguerita Choy)