Workers and Yeysk Port likely to reach agreement, source says
Dockworkers of the largest stevedore Yeysk Sea Port, operating at the southern Russian port of Yeysk may back out of a mass resignation action, taking back their resignation letters, a source told PortNews. Previously, the local longshoremen union has threatened mass resignation over real wages slump and unfavorable job conditions.
According to the source in the company, Yeysk Sea Port has announced a 30-percent wage increase, effective as of May 18. Besides, the authorities said the dockworker’s fee hourly tariff would be updated.
In February, 2012, a Yeysk Sea Port stockholder OJSC Magnitogorsk Iron & Steel Works (MMK) pulled out. Now, the main shareholders are Highland Invest Ltd., holding a 29.37 stake, LLC TTDH (25.5% of shares) and Ariol Holdings Ltd. (23.89%).
JSC Yeysk Sea Port is a stevedoring company operating at the Russian southern Port of Yeysk. The company has been engaged since February 2011 in transshipment of export diesel fuel. Port of Yeysk specializes in handling exports / imports passing through to ports on the Black Sea and the Mediterranean Sea.