Boeing eyes production pause as virus spreads: Sources

first_imgTopics : As cases rise, so too have angst and anger among some rank-and-file machinists, insiders say. A number of workers have used an “Imminent Danger, Stop Work” contract clause to halt specific jobs until safety concerns are addressed.One 777 work crew was sent home earlier this week due to concerns of infection, and mechanics on the next shift refused to work on the same jet because they were not sure the area was cleaned properly, one person with knowledge of the matter said.Confirming a Reuters report, Boeing said last week it was freezing hiring and industry sources have said layoffs or furloughs are likely as virus concerns peak.Boeing suppliers, already reeling from a production halt on Boeing’s 737 line due to a year-old safety ban, face an even slimmer workload as flight cancellations mean less airline demand for spare parts and services.Aircraft parts shortages were likely, while productivity could take another blow from enforced minimum distances between workers inside factories, industry sources say.Boeing representatives have been contacting parts suppliers to remind them to follow guidance from US health officials, gather information on personnel and contingency plans, and warn firms to restrict visitors while also meeting contractual obligations, supplier sources said.Airbus plans to resume output at French and Spanish plants on March 23 but industry sources say there are doubts over how long either planemaker can maintain the previous levels of output because of scattered shortages in the supply chain. Boeing Co is leaning toward a temporary work stoppage at its twin-aisle jetliner factories due to the spread of coronavirus, people familiar with the matter said on Thursday, echoing a similar move by European rival Airbus SE.The US planemaker has not made a final decision on the timing and duration of a potential work stoppage as it weighs health guidance and broader impacts to its supply chain.Boeing would use a stoppage of a few days to conduct a deep clean of its Washington state and South Carolina twin-aisle factories, but seems broadly committed for now to keeping production lines running after the suspension, the people said.center_img A Boeing spokesman declined to comment.The fast-spreading coronavirus has disrupted life across the United States, hammering the economy and virtually wiping out air travel demand.Airbus announced plans earlier this week to halt operations at its plants in France and Spain for four days, after Reuters reported it was studying plans to slow or halt production.Boeing, which employs 70,000 people in Seattle’s Puget Sound area, has some 14 confirmed coronavirus cases as of Thursday, many reported at its Everett hub north of Seattle.last_img read more

Institutional investors call on carmakers to come clean on lobbying

first_imgSweden’s AP funds and the UK’s Environment Agency Pension Fund (EAPF) have called on some of the world’s largest car manufacturers to disclose any lobbying undertaken over forthcoming emissions legislation.Coming in the wake of Volkswagen’s admission it used software to beat emissions tests, institutional investors worth £625bn (€842bn) wrote to nine automobile companies – including Volkswagen, BMW and Daimler – asking for the disclosures.Catherine Howarth, whose responsible investment charity ShareAction coordinated the letter, said she was pleased her organisation was helping investors acquire “risk-relevant” information on manufacturers’ relationships with regulators and politicians.“The share price carnage brought on by the defeat-devices scandal has focused the minds of shareholders of automobile firms,” she said. VW’s share price has fallen by 32.6% since the US Environmental Protection Agency raised questions about how its diesel engines behaved during emissions testing.The letter – signed by AP2, AP3, AP4 and AP7, as well as the EAPF, Finland’s Ilmarinen and AXA Investment Managers – calls on the nine companies to disclose their position on EU legislation on CO2 and the US Corporate Average Fuel Economy (CAFÉ) regulations.Volkswagen, BMW, Honda, Daimler, General Motors, Ford, Fiat, Peugeot and Toyota have also been asked to disclose their contributions to industry associations, and detail work undertaken with the European Automobile Manufacturers’ Association (EAMA), which ShareAction alleges was “obstructing” the EU legislation.The letter follows similar efforts by ShareAction for fossil fuel companies to be more transparent on lobbying done on their behalf by oil and gas industry groups.A separate letter has been sent to Nissan and Renault, whose chief executive Carlos Ghosn is currently chair of EAMA, asking for him to engage with investors.In the wake of the Volkswagen scandal, third-party litigation funder Bentham Europe said it was in discussions with institutional investors to bring a lawsuit against the German car firm.last_img read more

Switzerland’s ASIP backs AV2020 reforms

first_imgASIP represents 935 Swiss Pensionskassen, who in turn represent around two-thirds of the country’s population covered by workplace pension plans. Of the 188 members that participated in ASIP’s survey, 159 were in favour of the reform package and 29 against. Of those registering their support, 60 did so with reservations, mainly because of concerns about a CHF70 (€64) monthly top-up of statutory pensions for future pensioners.“On the basis of these results and after weighing the pros and cons, ASIP says ‘yes’ to the compromise,” the industry association said in a statement.Given the different structures of ASIP’s member schemes, the association said it was up to each individual pension fund to decide how to position itself in the campaign and how it wanted to inform its members.ASIP said it would not join any campaign committee, but it would still be involved in the referendum campaign, mainly by running a digital education and fact-checking campaign.This would highlight the pros and cons of the proposed reform and the consequences of a ‘Yes’ and ‘No’ vote, it said.ASIP’s goal was to improve understanding of pensions-related matters and counter false information, it said.ASIP has already been running a website pressing the case for reform. Its public position had been to argue that reform was necessary and urgent, and that all stakeholders needed to compromise. After the parliamentary vote in March it said the second pillar amendments should be accepted.The Swiss general trade union association came out in favour of the reform package, saying that, on balance, it was positive for employees. Employer and commercial federations have come out against the reform. The insurance association has not said backed either side, instead choosing to communicate that it has reservations and considers the proposed reform package “unsatisfactory”.See IPE’s May magazine for more views about the upcoming referendum Switzerland’s occupational pensions association has decided to back the country’s reform package, AV2020.At its general assembly today, ASIP announced its support for the proposals agreed in parliament earlier this year, after seeking its members’ opinions on the Altersvorsorge 2020/Prévoyance vieillesse 2020 (AV2020/PV2020) reform package.After considerable back-and-forth, the reform was approved in March. It will go to a referendum, to be held on 24 September.ASIP said it would focus its referendum campaign efforts on “fact-checking”.last_img read more

Danos wins Gulf of Mexico deal with Shell

first_imgDanos, a Louisiana-based oil and gas service company, has been awarded a contract with Shell to provide maintenance services on three Gulf of Mexico production hubs and associated subsea infrastructure.Danos said that it would, under the terms of the contract, provide project management, construction, automation, fabrication, and scaffolding services on Shell’s Auger and Ram Powell tension-leg platforms and the Enchilada and Salsa fixed-leg platforms.The company added that it would mobilize nearly 100 Louisiana-based employees for this project.Mark Danos, vice president of project services for Danos, said: “Danos is committed to providing world-class, competitive project management services to our clients like Shell so they can continue to safely operate their Gulf of Mexico deepwater assets. With this contract, we are providing Shell with a fully integrated team that can maximize efficiencies and share best practices across facilities.”Danos and Shell have worked together for more than 46 years on developing the Gulf of Mexico’s oil and gas resources. Danos is also under contract to support Shell’s Unconventionals business in the Permian and Appalachian regions.last_img read more

Greece Sells Major Stake in Thessaloniki Port

first_imgThe Greek government has signed a deal to sell a majority stake in Thessaloniki Port for EUR 231.9 million (USD 275 million) as part of the country’s bailout plan.The agreement for the sale of 67 percent stake in Thessaloniki Port Authority (THPA) was signed on December 21.Signatories include Hellenic Republic Asset Development Fund (HRADF) and South Europe Gateway Thessaloniki (SEGT) Limited, a company set up by the preferred investor consortium comprising Deutsche Invest Equity Partners, Belterra Investments and Terminal Link SAS.As informed, the total value of the deal is EUR 1.1 billion and includes mandatory investments amounting to EUR 180 million within the next seven years as well as expected revenues from the concession agreement.The total value also includes the expected dividends to be received by the HRADF for the remaining 7.22% of shares and the estimated investments until the end of the concession period in 2051.The deal was signed after the approval by the Court of Auditors, while the approval from the Hellenic Competition Commission is still pending, HRADF said in a statement.The agreement will be ratified by the parliament and the transaction is expected to be completed by Q1 2018.“The transaction signifies, rather successfully, the achievement of another key milestone in the fund’s asset management and development plan, while launching a new era for the Port of Thessaloniki and the prospects of economic growth for Northern Greece and the country in general,” according to HRADF.Last year, Greece also sold a 51 percent stake in Piraeus Port to China’s Cosco Group for EUR 280.5 million.The privatization of the two ports has been one of the key conditions of the country’s bailout plan with the EU lenders.“The exploitation of the Thessaloniki Port, along with the positive impact the successful conclusion of the exploitation agreement of Piraeus Port already has, forms an axis of growth and development that crosses vertically our country, further enhancing the role of Greece as the European gateway to international companies for trade and cruise,” Aris Xenofos, Executive Chairman of HRADF, commented.last_img read more

Fans furious VAR missed Mane’s push in build-Up to Liverpool’s goal

first_img The Senegalese appeared to push Norwich defender Christoph Zimmermann in the back before controlling the ball and smashing home his side’s goal. VAR checked the goal but saw nothing wrong. However, Mane’s push sent social media into overdrive. Second-half substitute Mane scored a brilliant goal to ensure victory for Liverpool on Saturday, but fans weren’t impressed with VAR for not ruling out his 78th minute strike. Promoted Content5 Of The World’s Most Unique Theme ParksThe Very Last Bitcoin Will Be Mined Around 2140. Read More6 Incredibly Strange Facts About HurricanesBirds Enjoy Living In A Gallery Space Created For ThemHere’s What Everyday Objects Look Like If Cut In Half7 Ways To Understand Your Girlfriend Better10 Awesome TV Series That Got Cancelled Way Too Soon7 Universities In The World With The Highest Market Value20 Completely Unexpected Facts About ‘The Big Bang Theory’Couples Who Celebrated Their Union In A Unique, Unforgettable Way7 Universities In The World Where Education Costs Too MuchA Soviet Shot Put Thrower’s Record Hasn’t Been Beaten To This Day Fans furious VAR missed a “clear” push by Sadio Mane during the build-up to his match winner against Norwich City. Clear push from mane and once again VAR help LiVARpool fucking tainted league end off— jason a moore (@jasonmo73570078) February 15, 2020 Read Also: Liverpool fans demand one Man City star after UCL ban “Clear push by mane but different rules for Liverpool,” one social media user wrote. A second tweeted: “If that’s any other club that goal is ruled out.” A third added: “VAR mysteriously missed him push the player though. If it’d been Wolves or Sheff utd the goal would of been disallowed.” Another wrote: “Clearly pushes him meaning he misses the header.” FacebookTwitterWhatsAppEmail分享 Loading… last_img read more

‘Shabu,’ gun seized

first_imgMotos, Henobes and Atienza were nabbedafter they sold suspected shabu to an undercover officer for P4,500 around 4:30p.m. on Feb. 7, the report added. BACOLOD City – Ten sachets ofsuspected shabu weighing about seven grams valued at around P105,000 wereseized in a buy-bust operation in Barangay Mambulac, Silay City, NegrosOccidental. When frisked, the suspects yielded a.38-caliber revolver with three live bullets and cash which amounted to P212. The 29-year-old Joremy Motos,30-year-old Barry Henobes and 17-year-old Joseph Atienza yielded the suspectedillegal drugs, a police report showed. The suspects were detained in thelockup facility of the Silay City police station, facing charges./PNlast_img

Sports Ministry punctures AFN’s claim to autonomy

first_imgRelatedPosts Buhari approves deployment of Permanent Secretaries New Perm Sec assumes duty at Ministry of Youth and Sports Ogba resigns membership from AFN Board The Federal Ministry of Youth and Sports Development has cautioned the suspended President of the Athletics Federation of Nigeria, Engr. Ibrahim Shehu Gusau, to subject himself to the outcome of the proceedings of the December 3, 2019 meeting in Abuja in accordance with extant rules and regulations.The Ministry’s Permanent Secretary, Olusade Adesola, gave the warning in a memo he personally signed on Thursday.Adesola also added that the Ministry is statutorily responsible for the formulation, supervision, implementation, monitoring and evaluation of policies and programmes on sports administration in the country.He said: “In the discharge of these responsibilities, the ministry, through the 38 national sports federations under its supervision, ensures the compliance with laid down rules and regulations of the code of governance, which the Constitution of the National Sports Federations recognises.“By appropriation, the ministry is equally responsible for the financial sponsorship of most activities of the national sports federations, the preparation and participation at international competitions as well as the presentation of Nigerian athletes at international competitions.“And, in accordance with provisions of Article 13(1) of the Code of Governance for National Sports Federations, each national sports federation is expected to furnish the ministry with its quarterly and annual performance report of its activities.”The Permanent Secretary, however, said Ministry acknowledges that national sports federations are independent in the administration of their day to day activities, but stressed that none of them could be said to be autonomous of government due to the constitutional provisions as well as the appropriation support from the Federation Account of the Federal Government.Tags: afnIbrahim Shehu GusauOlusade Adesolalast_img read more

Cyclone edges towards Ryanair

first_imgTrainer Shark Hanlon is leaning towards the Ryanair Chase with Hidden Cyclone following Cue Card’s defection. The County Carlow handler said: “I haven’t spoken to the owners yet but with Cue Card coming out of the Ryanair, in my own mind I would be tending to lean that way now. “It’s not definite as yet. I’ll speak to the owners and I’ll know more after that, but Cue Card coming out does open the Ryanair up that bit more. “You never know what might come out of the Champion Chase in the next day or two. “If Sprinter Sacre or Sire De Grugy came out, we might rethink. Nobody expected Cue Card to come out. “It’s a bit up in the air, but at the moment I’d be leaning towards the Ryanair myself, especially with the ground drying up. “We’re happy with him and he’s in good form.” Cue Card, so impressive in the Ryanair in 2013, will miss the Festival for the second consecutive season after suffering a late setback. Trainer Colin Tizzard said: ” He was making a noise and we had him looked at. He’ll miss Cheltenham but he should be OK for Aintree.” Ante-post favourite for the Ryanair is the Gordon Elliott-trained Don Cossack, with Ma Filleule next best on the list. The 10-year-old was runner-up behind Dynaste in the Cheltenham Festival Grade One 12 months ago, but looked set for a tilt at the Queen Mother Champion Chase after a brilliant display in the Tied Cottage Chase at Punchestown last month. He remains as short as 10-1 for the two-mile championship, but with Cue Card ruled out of the longer race on Tuesday morning and Dynaste already on the sidelines, Hanlon is now favouring the Ryanair. center_img Press Associationlast_img read more

Louis van Gaal says he has been driven to boredom and anger by his players

first_img “At this moment we have a lack of creativity and you can see that but they have done it (played well in the past) so they can do it.” So why, after spending over a quarter of a billion pounds on new players, can Van Gaal not inspire his team to perform well on a regular basis? Is it because he refuses to come to the touchline in matches to bark orders at his players like Sir Alex Ferguson did? “I’m not Sir Alex, as you know,” said Van Gaal, who has rarely come to the touchline to speak to his players during his spell at the club. “Everybody is different and I don’t believe in yelling from the sidelines. I believe in communication during the week, during the preparation and I believe in my players who have to perform. “It’s very difficult because of the noise. “A lot of managers are (yelling from the sidelines) but I doubt if they have real influence.” At times on Monday it seemed as if Van Gaal was in denial. He even offered the theory that traffic could have been to blame for the exodus by scores of supporters before Wayne Rooney’s 93rd minute penalty on Saturday. ”They are not thinking that we would score, I think, and maybe also because of the traffic,” he said. Van Gaal even suggested United fans should be happy with their team’s current form. ”You have to be happy as a Manchester United fan that we are in next round and we have won the last two games,” he added There was also a reminder to the supporters that life was not always rosy before he took over. “The fans have to know that we can’t always play fantastic football,” Van Gaal said. “And that was also the case in former days. I’m sorry, but it is like that.” Ryan Giggs and Scholes were ever-presents during Ferguson’s successful spell at the helm. Giggs has rarely been allowed to speak in public since he became Van Gaal’s assistant, so his thoughts on Scholes’ criticism of his boss are unknown. “No,” was the flat answer when asked whether Giggs ever discusses Scholes’ criticism of the club. Van Gaal insists the former winger who symbolised United’s attacking traditions with his playing style, does have serious input when it comes to the team’s current tactics, though. “He has a lot of influence in our decisions because I communicate every decision with my staff so he can have a big influence,” Van Gaal said. “I work in a fantastic way with Ryan so that’s the only thing I can say but when you want to hear something about his feelings according to what Paul Scholes or Gary Neville are saying, you have to ask him.” Louis van Gaal admits his Manchester United players have driven him to boredom and anger at times this season. Those wins have merely papered over the cracks, however. The pressure is still on Van Gaal because of the often dull and uninspiring performances of his team. Paul Scholes branded United’s style of play “boring” earlier this season and following Saturday’s 1-0 victory over Legue One opposition, the former club great claimed both Van Gaal and his players looked “bored” during the third round tie. Van Gaal has been at odds with Scholes for much of his 18-month spell at the club, but on Monday the 64-year-old conceded some of the football on display at Old Trafford this season has been rather dull. “There are matches that I have enjoyed,” Van Gaal said. “And there are also matches where I’m very bored or angry because we are not disorganising our opponent’s defence but that is football.” Van Gaal railed at the suggestion that his primary aim is to stifle the opposition, rather than attack. “Do you know that,” Van Gaal snapped during an edgy press conference at Carrington. “I am not concerned (about defending more than attacking). Van Gaal’s future as United boss will be thrown into question again on Tuesday if his team fail to win at Newcastle. United ended an eight-match winless run by defeating Swansea nine days ago and then followed that victory up with another triumph in the FA Cup against Sheffield United. Press Associationlast_img read more