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[maywillow] 05/3/2021 08:23

LBC

British Gas engineers reject offer aimed at resolving dispute

5 March 2021, 08:04
British Gas strikes continue
More British Gas strikes. Picture: PA

Members of the GMB union are staging four more strikes and action will continue this month.

British Gas engineers have launched a fresh wave of strikes after overwhelmingly rejecting an offer aimed at resolving a dispute over pay and conditions.

The GMB said its members had voted by almost 4-1 against a revised offer, and walked out on Friday for four days.

British Gas didn't take ‘fire and rehire’ off the table, the main obstacle to a possible settlement

Justin Bowden, GMB

National officer Justin Bowden said: “A revised British Gas offer at Acas for the field staff bargaining group has been overwhelmingly rejected by GMB members in a very big vote.

“Strike days 27 to 30 will go ahead, followed by action for the rest of this month.

“British Gas didn’t take ‘fire and rehire’ off the table, the main obstacle to a possible settlement.

“This huge vote to reject the offer by gas and electrical engineers shows that there will be no resolution until the company do so.”

Chris O’Shea, chief executive of British Gas owners Centrica, said: “There is a job for everyone at the end of this difficult process, but we must change. Over 80% of our workforce have agreed to the new terms and understand that our company needs to adapt to protect 20,000 UK jobs.
British Gas strike
GMB union members voted against a revised offer by 4-1 (Steve Parsons/PA)

“Whilst we’ve reached collective agreements with the majority of our trade unions, we have been unable to secure an agreement with the GMB despite two extensive rounds of talks and making significant concessions.

“We’ll now talk directly to those colleagues who have not yet agreed their new contracts and we will go the extra mile to try and avoid the need to dismiss and re-engage.

“My hope is that, through individual consultations, all remaining colleagues will choose to stay with us and help us deliver both the transformation of Centrica, and the net zero transition that our country needs.

“We will move forward and create the Centrica of the future, because we have a responsibility to reverse our decline and protect and grow jobs. This includes the recruitment of an additional 1,000 engineering apprentices that we can now take on as a result of making changes to our contracts.”

By Press Association

[maywillow] 05/3/2021 08:22

LBC

British Gas engineers reject offer aimed at resolving dispute

5 March 2021, 08:04
British Gas strikes continue
More British Gas strikes. Picture: PA

Members of the GMB union are staging four more strikes and action will continue this month.

British Gas engineers have launched a fresh wave of strikes after overwhelmingly rejecting an offer aimed at resolving a dispute over pay and conditions.

The GMB said its members had voted by almost 4-1 against a revised offer, and walked out on Friday for four days.

British Gas didn't take ‘fire and rehire’ off the table, the main obstacle to a possible settlement

Justin Bowden, GMB

National officer Justin Bowden said: “A revised British Gas offer at Acas for the field staff bargaining group has been overwhelmingly rejected by GMB members in a very big vote.

“Strike days 27 to 30 will go ahead, followed by action for the rest of this month.

“British Gas didn’t take ‘fire and rehire’ off the table, the main obstacle to a possible settlement.

“This huge vote to reject the offer by gas and electrical engineers shows that there will be no resolution until the company do so.”

Chris O’Shea, chief executive of British Gas owners Centrica, said: “There is a job for everyone at the end of this difficult process, but we must change. Over 80% of our workforce have agreed to the new terms and understand that our company needs to adapt to protect 20,000 UK jobs.
British Gas strike
GMB union members voted against a revised offer by 4-1 (Steve Parsons/PA)

“Whilst we’ve reached collective agreements with the majority of our trade unions, we have been unable to secure an agreement with the GMB despite two extensive rounds of talks and making significant concessions.

“We’ll now talk directly to those colleagues who have not yet agreed their new contracts and we will go the extra mile to try and avoid the need to dismiss and re-engage.

“My hope is that, through individual consultations, all remaining colleagues will choose to stay with us and help us deliver both the transformation of Centrica, and the net zero transition that our country needs.

“We will move forward and create the Centrica of the future, because we have a responsibility to reverse our decline and protect and grow jobs. This includes the recruitment of an additional 1,000 engineering apprentices that we can now take on as a result of making changes to our contracts.”

By Press Association

[waldron] 05/3/2021 07:30

Markets

European markets set to fall as Fed comments reignite global stock jitters

Published Fri, Mar 5 20212:12 AM EST

Elliot Smith
@ElliotSmithCNBC

Key Points

U.S. Federal Reserve Chair Jerome Powell said the economic reopening could “create some upward pressure on prices,” noting that he expects the central bank to be “patient”; on policy action even if the economy sees “transitory increases in inflation.”

The benchmark U.S. 10-year Treasury yield had stabilized earlier this week, after a spike to 1.6% last week amid higher inflation expectations, but was last seen Friday morning at 1.5679%.

European markets are set for a lower open Friday as another surge in bond yields continues to roil global stocks.

Britain’s FTSE 100 is seen around 47 points lower at 6,604, Germany’s DAX is expected to fall by around 103 points to 13,983 and France’s CAC 40 is set to open around 39 points lower at 5,792, according to IG data.

[waldron] 05/3/2021 07:29

Markets

European markets set to fall as Fed comments reignite global stock jitters

Published Fri, Mar 5 20212:12 AM EST

Elliot Smith
@ElliotSmithCNBC

Key Points

U.S. Federal Reserve Chair Jerome Powell said the economic reopening could “create some upward pressure on prices,” noting that he expects the central bank to be “patient”; on policy action even if the economy sees “transitory increases in inflation.”

The benchmark U.S. 10-year Treasury yield had stabilized earlier this week, after a spike to 1.6% last week amid higher inflation expectations, but was last seen Friday morning at 1.5679%.

European markets are set for a lower open Friday as another surge in bond yields continues to roil global stocks.

Britain’s FTSE 100 is seen around 47 points lower at 6,604, Germany’s DAX is expected to fall by around 103 points to 13,983 and France’s CAC 40 is set to open around 39 points lower at 5,792, according to IG data.

[temujiin] 04/3/2021 19:56

Just heard the latest dismal offer to the engineers, being amongst other detrimental changes

1. Increase working week to 40 hours, meaning working FOUR WEEKS extra every year, with NO extra pay. (BTW no extra hours for management, quelle surprise)

2. Lose holiday entitlement

3. Be available to work from anytime between 7am to 9pm, at the companies discretion


was decisively rejected by Service and Repair, UK Installations and Electrical Services engineers.

16 more strike days planned for March starting tomorrow. O'Shea doing a great job of destroying the profitable bit of Centrica.

[cleverinvester] 04/3/2021 17:43

Norma is an engineer for CNA and is looking after her pay packet

[fjgooner] 04/3/2021 16:40

Down yet again after recent dead cat bounce.

Woof!

[ohoh] 04/3/2021 14:01

I haven't got a clue, the optimist in me would say mid 60's the realist mid to high 50s, unless we get some really positive news boosting the less profitable parts of Centrica.

[diohohku] 04/3/2021 12:52

ohoh, where do you see the Centrica share price in 2 months.

[ohoh] 04/3/2021 10:46

Have you read the accounts at all, the part of the Business that the engineers work made a £201 Million profit up from £180 Million the previous year. What exactly are they doing wrong.

[sentimental rules] 04/3/2021 10:21

what time is your remedial spelling class today ?

[cleverinvester] 04/3/2021 09:58

Your a TROLL engineer Norma. Please stop trying to damage our bb.

[skinny] 04/3/2021 09:56

tomtum1 - member since yesterday - read post 284.

[tomtum1] 04/3/2021 09:53

NORMA I notice many comments on these boards say that your an engineer.Can you not see what your doing to the company.Its not right.You are wrecking the future of CNA.

[florenceorbis] 04/3/2021 09:52

Major oil producers to review supply cuts in critical OPEC meeting
Published Thu, Mar 4 20214:23 AM EST
Sam Meredith
@smeredith19
Share
Key Points

OPEC and its non-OPEC partners, an energy alliance sometimes referred to as OPEC+, will convene via videoconference from 1 p.m. London time.

A press conference is scheduled to take place following the conclusion of the meeting.
It comes at a time when oil prices have climbed to pre-virus levels, driven higher by substantial OPEC+ production cuts and the mass rollout of Covid-19 vaccines in many high-income countries.

[florenceorbis] 04/3/2021 09:45

Major oil producers to review supply cuts in critical OPEC meeting
Published Thu, Mar 4 20214:23 AM EST
Sam Meredith
@smeredith19
Share
Key Points

OPEC and its non-OPEC partners, an energy alliance sometimes referred to as OPEC+, will convene via videoconference from 1 p.m. London time.

A press conference is scheduled to take place following the conclusion of the meeting.
It comes at a time when oil prices have climbed to pre-virus levels, driven higher by substantial OPEC+ production cuts and the mass rollout of Covid-19 vaccines in many high-income countries.

[norma_stitts] 04/3/2021 09:14

FOR THE ADULTS WHO WISH TO DISCUSS CENTRICA, PLEASE JOIN YOUR FELLOW BONAFIDE INVESTORS/STAKEHOLDERS ON THE FOLLOWING LINK;



Please ONLY reply on the link above, NOT on this thread. Thanks for your assistance in helping to rid the Centrica discussion boards of the plague it is being infected by.

[grupo guitarlumber] 04/3/2021 09:11

Cleverinvester
4 Mar '21 - 09:06 - 2613 of 2613 (Filtered)


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no doubt, the usual uninformative repetitive post