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Cell C gets new offer from Blue Label, employees

2015-12-11 09:10:00| Telecompaper Headlines

(Telecompaper) South Africa's Blue Label Telecoms announced it has put in an offer to buy a 35 percent stake in Cell C for ZAR 4 billion. The offer is part of a proposed recapitalisation of Cell C, which Blue Label said it plans to participate in with other investors. After the deal is implemented, Cell C's debt is to be reduced to a maximum of ZAR 8 billion. The news follows the withdrawal of Telkom as a bidder to acquire all of Cell C, after it was unable to reach an agreement on price with Cell C's main shareholder, Oger Telecom. A meeting of the board of directors of Cell C is being convened to consider the new offer. Management on behalf of the employees of Cell C has also submitted a binding offer to co-invest in the company with Cell C's current shareholder 3C Telecommunications Proprietary (3C Telecom) and Blue Label. If successful, the restructuring will result in 3C Telecommunications holding 35 percent, management and staff 30 percent and Blue Label 35 percent of the ordinary shares in Cell C. 

Tags: offer blue cell label

 

Metal Fabricators Protect Employees and Capital Investment with Omron's Annual Machine Safety Check-Up

2015-12-10 11:31:11| Industrial Newsroom - All News for Today

FREMONT, CA Omron Safety Services offers manufacturers in metal fabrication and forming industries a cost effective inspection service to ensure that metal fabrication and forming machines such as press brakes, presses, shears, stamping and cutting machines are safeguarded to the regulations, and thus keeping...

Tags: capital safety metal annual

 
 

San Bernardino County Public Employees Ratify Teamster Contract

2015-12-09 04:24:56| publicworks Home Page

San Bernardino County employees, who are members of Teamsters Local 1932, ratified their first collective bargaining agreement yesterday. The agreement, ratified by over 80 percent of the votes cast, supported improvements in wages and benefits for the 11,000 workers who provide critical services to the residents of California's largest county.

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Coca-Cola's letter to striking employees disputes union's allegations

2015-12-08 15:57:04| Beverages - Topix.net

Workers at two Chicago-area Coca-Cola production plants went on strike Dec. 3, 2015, to protest unfair labor practices including delay tactics and intimidation as they try to hash out a new contract. In letters arriving this week at the homes of striking Coca-Cola employees, the company alleges union leaders are engaged in "false attacks" and says it has asked the National Labor Relations Board for an expedited investigation into allegations of unfair labor practices, confident of its actions during negotiations.

Tags: letter employees striking unions

 

Consumers Energy Employees Give Back to Communities, Present $5,000...

2015-12-04 19:59:51| Energy - Topix.net

Consumers Energy employees presented a $5,000 contribution from the company's foundation to two United Way agencies, one of several grants that employees are sharing with Michigan nonprofit organizations to celebrate ethics awards they have received. Employees at the company's Bellevue facility in Eaton County earned the opportunity to select a local nonprofit organization to receive a grant by winning the grand prize in Consumers Energy's companywide Ethics in Action awards.

Tags: back give present energy

 

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