Category: impasse
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Why importers face losses on KRA impasse with insurers
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Importers face the risk of higher storage costs as thousands of shipments are delayed due to disputes between the Kenya Revenue Authority and insurance companies over new fees imposed on the system used to process customs bond insurance. Customs bond insurance is a guarantee to the Kenya Revenue Authority that…
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Air Canada begins preparations for shutdown as union talks near impasse By Reuters
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Air Canada, the country’s largest airline, said Monday it was finalizing contingency plans to suspend most of its operations as talks with a pilots’ union neared an impasse. A complete shutdown of the airline’s operations could strand thousands of passengers across the country. Air Canada and its subsidiary Air Canada…
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Canada’s CN Rail, CPKC shut freight network after impasse over union talks By Reuters
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Written by Jahnavi Nidumulu and Abhinav Parmar (Reuters) – Canadian National Railway (CN) and Canadian Pacific Kansas City-based CPKC shut down its railroads nationwide on Thursday, laying off about 10,000 workers after failed negotiations with a major labor union. The decision, confirmed by the Teamsters Union, paves the way for…