Thursday 25 April 2013

Dividend Chaser on Li Ka Shing winning Hong Kong port workers strike

(From Article)

HONG KONG – Billionaire Li Ka-shing has hired new workers to handle ships and demanded that protesters leave his building in the city’s Central District, as part of moves to end a four-week strike at his docks in Hong Kong, the Bloomberg news agency reported.

The move has cut the waiting time for ships to an average 20-to-25 hours, compared with about 60 hours when the strike started, Hongkong International Terminals said in an e-mailed statement yesterday. The docks are operating at about 90 per cent of capacity.

At least 100 vessels has skipped Hong Kong in favour of nearby ports as a result of the strike which began March 28, the report said.

Some dock workers, who are seeking better pay and working conditions, remain camped around Mr Li’s Cheung Kong Center building in the central business district even after he gave them a noon deadline to leave.

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