Talks Between Smit, Union Collapse

Tuesday, November 22, 2005
SMIT Harbour Towage released the following statement regarding recent labor negotiations: We regretfully have to inform you that, despite intensive efforts, the negotiations between Unions and SMIT Harbour Towage Rotterdam have not resulted in mutual acceptance of terms and conditions for a new collective labour agreement (CAO) at this point in time.

This has as a consequence that the Unions have called for industrial action as from today at 06.30 hours for twelve hours initially. We are not sure what other actions are contemplated and how long same will last.

SMIT will make every effort to resolve outstanding differences and to mitigate the inconvenience which these actions may cause to our customers.

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