The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Impact of unprotected industrial action
§ On 19 April 2021, the Company reported an unprotected industrial action at its Vametco operation which temporarily stopped production with effect from the morning of 16 April 2021. The unprotected industrial action was resolved on 21 April 2021 when the Company and the Association of Mineworkers and Construction Union announced that a resolution was reached, and workers had started returning to work.
§ The plant has been safely ramping back up to sustainable production levels, with an estimated loss of production of approximately 65 mtV.
Interesting snippet I read on the tender site:-
Abengoa has reviewed the tender documents to participate in the tender process for the Referenced project.
After reviewing the project and its technical requirements, we will need to create all the designs, technical
solution and have discussions with the suppliers for costing. In order for us to provide accurate pricing and
designs. We would like to request a 6 weeks extension for this tender
Abengoa Hmmm!