BOL 0.00% 14.0¢ boom logistics limited

News: BOL Boom Logistics Announces Strike At Port Kembla, Singleton, And Newcastle Depots

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    Nov 2 (Reuters) - Boom Logistics Ltd (BOL) :

    • BOOM EBA WORKFORCE COMMENCED INDEFINITE STRIKE ACTION AT PORT KEMBLA, SINGLETON, AND NEWCASTLE DEPOTS ON OCT 15
    • STRIKE HAVING SIGNIFICANT NEGATIVE IMPACT ON RESULTS IN HUNTER VALLEY REGION; CHALLENGING ECONOMIC VIABILITY OF OPERATIONS AT SINGLETON, NEWCASTLE
    • EXPECTS A MINIMUM IMPACT OF CIRCA $3M EBITDA ON GROUP RESULTS FOR FY19 DUE TO STRIKE
    • ACTIONS TO MITIGATE IMPACT BEING CONSIDERED GIVEN THAT AGREEING TO UNION INCREASES WOULD MAKE SINGLETON AND NEWCASTLE BUSINESSES UNECONOMIC
 
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