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.
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.
However, trade union Unite has warned a ballot for industrial action is looming as workers seek reassurances over job security and protest pay offers.
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The 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.
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.
October 13, 2019
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