Sunday, 13 October 2019

Greene King workers threaten strike over 'paltry' pay as £2.7bn takeover approved

Greene King Sharholders have agreeds a £2.7bn takeover from Li Ka-Shing's CK Assets. Picture: PA IMAGES

Unrest is brewing among Greene King employees after staff were offered a "paltry" pay offer amid a £2.7bn takeover deal.

Greene King shareholders have agreed a £2.7bn takeover from CK Assets. Photo: PA.
On Wednesday evening, shareholders approved a deal from Hong Kong's CK Asset (CKA) to acquire the Suffolk firm's portfolio of 3,000 pubs.
In total, 98.8% of investors agreed for Hong King's richest man Li Ka-Shing to take ownership of the 220-year-old chain which employees around 39,000 people. 
The UK pub group and brewer Greene King has agreed a £2.7 billion sale to Hong Kong real estate giant CKA, the company has announced.  Picture: PA IMAGES
However, trade union Unite has warned a ballot for industrial action is looming as workers seek reassurances over job security and protest pay offers. 
MORE: Suffolk village to get UK's fastest broadband in new trialThe union has told the Bury St Edmunds firm preparation for a ballot is under way after around 200 members in the brewing and brands department rejected a 2% pay increase for the year 2019/2020.
Greene King's Bury St Edmunds headquarters. Photo:  PA IMAGES
Unite regional officer Mark Jaina said: "Our members are fed up with being palmed off with a paltry 2% rise which has been the norm for the last six or seven years.

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