Recruiter to Cooperate in Deal with Workers Suing Major US Shipbuilders
Court for the Eastern District of Virginia, No. 1:23-cv-01372.For plaintiffs: Steven Toll of Cohen Milstein Sellers & Toll; Shana Scarlett of Hagens Berman Sobol Shapiro; and George Farah of Handley Farah & AndersonFor Faststream: Nathan Eimer of Eimer Stahl and Lynn Brugh of Williams Mullen(Reuters - Reporting by Mike Scarcella
Orsted Appoints CFO, Head of Operations
, who has acted as interim CFO since November will return to his position as CEO of Europe region by the end of March, Orsted said.After plunging to a seven-year low last year, Orsted's shares have risen by 50% since November.On Tuesday the stock was off 0.9% at 374.3 Danish crowns as of 0944 GMT.(Reuters - Reporting by Louise Breusch Rasmussen; editing by Clarence Fernandez and Jason Neely
BP Set to Name Thomson Permanent CFO
BP is set to confirm Kate Thomson as its permanent chief financial officer after naming Murray Auchincloss as CEO last week, completing a leadership reshuffle following Bernard Looney's abrupt resignation in September, two sources with knowledge of the matter told Reuters.The board is expected to decide on the appointment before BP reports its full year results on Feb. 6, one source close to the process said.Thomson was appointed interim CFO a week after Auchincloss took the helm of the energy company on Sept. 12, when Looney stepped down for failing to disclose past relationships with employees.
Maersk to Cut at Least 10,000 Jobs as Shipping Boom Unravels
the lower end of the range.Underlying earnings before interest, tax, depreciation and amortization (EBITDA) dropped to $1.9 billion in the third quarter from $10.9 billion a year earlier, slightly above analysts' expectations of $1.81 billion in a Refinitiv poll. Revenues fell 47% to $12.1 billion.(Reuters - Reporting by Jacob Gronholt-Pedersen and Louise Rasmussen, editing by Terje Solsvik, Miral Fahmy, Elaine Hardcastle
UK's Wood Group Ropes in Rolls-Royce exec as New CFO
plan to buy the London-listed John Wood after multiple attempts without citing any reasons. Outgoing CFO, David Kemp, whose retirement date is yet to be announced, held the role since 2015 and oversaw the oil and gas business transforming into a broader consulting and engineering company.(Reuters - Reporting by Prerna Bedi in Bengaluru; editing by Eileen Soreng
Wood Group Raises Profit Outlook on Contract Wins; CFO to Retire
for the full-year to be above its previous expectations while revenue is seen to be around $6 billion. The company clocked annual revenues of $5.4 billion in 2022.Separately, the company also announced that its finance chief David Kemp would retire but remain in the role until a successor is appointed.(Reuters
Western Canada Dock Workers Vote to Accept Contract Offer
that are critical to Canada’s supply chain."The ILWU, which represents about 7,500 dock workers, had been negotiating for months with the BCMEA.Disagreements over pay and a proposal to expand the union's jurisdiction to regular maintenance work on terminals led to a 13-day strike in July.(Reuters - Reporting by David Ljunggren, Gursimran Kaur and Anna Mehler Paperny; Editing by Simon Cameron-Moore, William Mallard and Alistair Bell
Canada's Dock Workers, Employers Reach Labor Deal
to direct the CIRB to resolve the dispute.That rejected deal had provided a compounded wage increase of 19.2% and increased retirement payouts in 2026 to C$96,250 ($72,625) for eligible retiring employees, over and above employees' pension entitlements, according to the employers' association.(Reuters - Reporting by Shubham Kalia, David Ljunggren and Ismail Shakil; Editing by Bernadette Baum, Angus MacSwan and Cynthia Osterman
Canada's Pacific Dock Workers Ordered by Labor Watchdog to End Strike
workers and unions in recent months, to pass back-to-work legislation, or the Bloc Quebecois, whose leader has yet to comment.It also means the Liberal-NDP deal that is keeping the government going could be put under strain if Trudeau chooses to force an end to the strike($1 = 1.3181 Canadian dollars)(Reuters - Reporting by Ismail Shakil in Ottawa; Editing by Chizu Nomiyama, Andrea Ricci and Chris Reese
Canada Port Strike Resumes
Tuesday.Pierre Poilievre, leader of Canada's opposition Conservative Party, criticized O'Regan for failing to solve the dispute."He claimed he'd gotten a deal to end the strike. Now it's back on with massive costs to consumers, workers and business," Poilievre said on Twitter.(Reuters - Reporting by Nia Williams; Editing by Sandra Maler and Leslie Adler
Panama's Arsenio Dominguez Elected as IMO Secretary General
challenges ahead as the industry strives to meet the 2030, 2040 and 2050 targets", Platten said, adding that Dominguez "will lead with equal measures of authority, purpose and compassion".The IMO's current secretary-general Kitack Lim from South Korea has served two terms in the role.(Reuters - Reporting by Jonathan Saul; Editing by Jason Neely and Conor Humphries
Canadian Port Strike Talks Resume, Supported by Federal Mediators
is due to hold a rally on Sunday in Vancouver.The Canadian Manufacturers & Exporters (CM&E) industry body said the strike is disrupting C$500 million ($377 million) in trade every day. That could lead to supply-chain disruptions that fuel inflation, economists say.($1 = 1.3271 Canadian dollars)(Reuters - Reporting by Fergal Smith; Editing by Mark Porter
Next Wave of North American LNG Export Projects to Face Labor Challenges
modular Calcasieu Pass LNG plant, allowing it to open the facility in what it said was record time. But problems with the equipment have prevented it from delivering contract cargoes, the company has said. First commercial cargoes will not be available until 2024, two years after processing began.(Reuters - Reporting by Curtis Williams in Houston and Nia Williams; Editing by Matthew Lewis
Thousands of Port Workers in Canada's British Columbia Go on Strike
strike notice.In a Twitter post on Saturday, Canada's Minister of Labour Seamus O'Regan Jr., said the BCMEA and ILWU Canada remain at the bargaining table working toward a deal, adding that the federal mediators continue to support the parties in their negotiations.($1 = 1.3236 Canadian dollars)(Reuters - Reporting by Anirudh Saligrama; editing by Jonathan Oatis
Offshore Wind Company Will Retrain NY Power Plant Union for Clean Energy Jobs
with the state.The company is a joint venture between TotalEnergies, the French energy giant, and Rise Light & Power, the unit of New York-based energy investment firm LS Power that operates the 1960s-era Ravenswood generating station.Clint Plummer, chief executive of Rise Light & Power, told Reuters he believes the agreement to retrain and employ the power plant workers is an important aspect of Attentive's bid for a state power contract."But we're not doing it because of that," he said. "We see it as a key part of our stewardship of this asset and the responsibility
Tentative US West Coast Port Contract Deal Reached
from China to those alternate ports.The agreement "brings the stability and confidence that customers have been seeking," Port of Los Angeles Executive Director Gene Seroka said on Twitter. "We look forward to collaborating with our partners in a renewed effort to bring back cargo."(Reuters - Reporting by Lisa Baertlein and Kanjyik Ghosh; Editing by Christopher Cushing, Michael Perry & Simon Cameron-Moore
White House Says West Coast Port Negotiations Show Some Progress
Adams reiterated the union's intention of reaching an agreement.If talks fall apart, mediation fails and port operations cease, Biden can invoke federal labor law to force resumption of normal port operations. The last president to do that was George W. Bush, who invoked that federal law in 2002.(Reuters - Reporting by David Shepardson and Lisa Baertlein; Editing by Chizu Nomiyama and Cynthia Osterman
