Auckland bus drivers' dispute ends

After six months of negotiations, including strike threats, NZ Bus drivers have agreed to a two-year collective agreement.

Karl Andersen of First Union, speaking for the combined bus unions, says two-thirds of members voted to accept the agreement, which includes a staged pay rise to $20 an hour.

"The money is fine; it's not outstanding. It doesn't mean to say as an industry they're well enough paid."

NZ Bus chief operating officer Shane McMahon says in a statement the company is improving its "culture", with investment in health and safety, training, new and upgraded facilities and new fleet.

Infratil-owned NZ Bus runs more than 650 buses in Auckland, covering some 200 routes.

Infratil shares (NZX: IFT) are down half a cent, to $2.185, in early trading today, after starting the year at $1.88.


Got a question about this story? Leave it in Comments & Questions below.

This article is tagged with the following keywords. Find out more about MyNBR Tags

NZ Market Snapshot

Forex

Sym Price Change
USD 0.7299 0.0026 0.36%
AUD 0.9521 -0.0003 -0.03%
EUR 0.6504 0.0041 0.63%
GBP 0.5606 0.0001 0.02%
HKD 5.6586 0.0184 0.33%
JPY 73.1940 0.2310 0.32%

Commods

Commodity Price Change Time
Gold Index 1337.3 -0.160 2016-09-26T00:
Oil Brent 47.9 1.450 2016-09-26T00:
Oil Nymex 45.9 1.400 2016-09-26T00:
Silver Index 19.6 -0.210 2016-09-26T00:

Indices

Symbol Open High Last %
NZX 50 7264.9 7265.2 7264.9 -0.16%
NASDAQ 5254.2 5306.8 5257.5 0.83%
DAX 10451.4 10455.9 10393.7 -0.31%
DJI 18099.2 18238.1 18094.8 0.67%
FTSE 6818.0 6865.4 6818.0 -0.15%
HKSE 23356.0 23646.0 23317.9 1.09%
NI225 16390.9 16683.9 16544.6 0.84%
ASX 5431.4 5431.4 5431.4 -0.47%