Mermain workers go on strike, page-8

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antibotter

13,152 Posts.

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13/10/14

11:39

Post #: 14115392
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Originally posted by antibotter ↑

Eight - yes I am sure Mermaid Marine's workers who do not have Australian passports are paid far less than the local workers

The announcement made to **promotion blocked** was released between trading window of 4pm to 4:10pm. With this announcement MRM was put in pre - market which prevented anyone trading the stock instead of an oppotunity for traders to dump.

I am sure that management of Mermaid will be in discussions during the period leading up to the 10 day unprecedented workers strike

The negotiations have gone on for 18 months and nothing has happened - until now

It makes sense because the last EBA of three years was signed late 2011

So it looks like the same merry go round for the next couple of months

Three years ago there was also industrial action institiated by the MUA against MRM

It were over 3 periods

two that lasted 4 days

one that lasted six days

a total of 14 days starting mid July 2011 - ending early August 2011

In an earliet that, I said that Mermaid Marine Australia had 3 issues that were putting pressure on it's share price

One - the massive purchase of Jaya and intergrating it successfully into the parent company
Two - earnings pressure from the Australian operations
Three - EBA

So far non of these boxed have been ticked and therefor risk is ongoing - in my opinion

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Well looks like this merry - go - round is continuing

So far in this protracted EBA saga - the workers have not gone into strike mode

However could be third time lucky

MRM Price at posting: $1.87 Sentiment: None Disclosure: Not Held
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Mermain workers go on strike, page-8

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