Class action firm challenges CFMMEU

Original article by David Marin-Guzman
The Australian Financial Review – Page: 8 : 27-Aug-18

Class action law firm Adero Law is challenging an agreement involving the Construction, Forestry, Maritime, Mining & Energy Union. The CFFMEU had secured a 2017 court decision to have an enterprise agreement provided by One Key Workforce, a mining subsidiary of labour hire firm Fircroft, deemed invalid. It has agreed not to pursue the decision if Fircroft pays its members $3.5 million to cover alleged underpayments and enters into an improved labour agreement with the CFMMEU. Adero Law contends that the deal with Fircroft is not in the interest of clients who are former One Key employees and who were not CFFMEU members. CFFMEU president Tony Maher says its agreement does not stop non-union One Key workers seeking compensation for underpayments.

CORPORATES
CONSTRUCTION, FORESTRY, MARITIME, MINING AND ENERGY UNION OF AUSTRALIA, ADERO LAW, ONE KEY WORKFORCE, FIRCROFT GROUP, AUSTRALIA. FAIR WORK COMMISSION

Skilled shares up on merger talks

Original article by Simon Evans
The Australian Financial Review – Page: 20 : 26-May-15

Shares in labour hire company Skilled Group finished $A0.145 higher at $A1.375 on 25 May 2015. The stock rallied after Skilled advised that it has reopened merger discussions with Programmed Maintenance Service (PMS). Skilled had previously spurned a takeover bid from PMS that was pitched at $A1.38 per share. PMS shares closed four per cent lower at $A2.51.

CORPORATES
SKILLED GROUP LIMITED – ASX SKE, PROGRAMMED MAINTENANCE SERVICES LIMITED – ASX PRG, RECRUIT HOLDINGS COMPANY LIMITED, CHANDLER MACLEOD GROUP LIMITED, FOSTER’S GROUP LIMITED, SABMILLER PLC, ASCIANO LIMITED – ASX AIO

Japanese HR giant to pay $290m for Chandler Macleod

Original article by David Ramli, Jake Mitchell
The Australian Financial Review – Page: 11 : 15-Jan-15

The consolidation in Australia’s recruitment sector is continuing, with Japan-based Recruit Holdings securing a deal to acquire Chandler Macleod. Recruit will pay $A290m for the listed company, which has a market capitalisation of about $A165m. Recruit will also acquire Peoplebank, which specialises in IT recruitment. Peoplebank CEO Peter Acheson says it will continue to operate as a separate business

CORPORATES
CHANDLER MACLEOD GROUP LIMITED – ASX CMG, RECRUIT HOLDINGS COMPANY LIMITED, PEOPLEBANK AUSTRALIA LIMITED, NAVIS CAPITAL PARTNERS LIMITED, SKILLED GROUP LIMITED – ASX SKE, PROGRAMMED MAINTENANCE SERVICES LIMITED – ASX PRG, GREENHILL AND COMPANY