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Boral’s settlement with the CFMEU over secondary boycotts in the key Melbourne market could add as much as $7 million to net profit after tax, according to Deutsche Bank analysts, who have increased their full year profit estimate to $271m. 201 more words
The CFMEU has settled with construction materials giant Boral over a black ban that has lasted for more than two years.
The union will pay Boral as much as $9 million in damages, and will enter a binding agreement that includes controls prohibiting interference with Boral’s business for a period of three years.