Ann: Business and Industrial Relations Update, page-8

That's about 12% of this year's EBITDA wiped out at a stroke - what a great illustration of just how sub-par a business this is.

In the bad times BOL haemorrhages cash and needs to either offload cranes or raise more capital to stay afloat.

In the "good" times any excess cash is rapidly soaked up fighting or bribing its own workforce and buying new equipment.

Sadly for the workers, this sort of industrial action will also ultimately be to their great detriment. The likes of Boom will be out-competed by shonkier outfits that get around the Unions one way or the other.