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first_imgDanish pension fund ATP is the latest scheme to sell its holding in Irish low-cost airline Ryanair as a dispute over whether local airline staff should be included in higher-paying Danish collective bargaining wage contracts has escalated.ATP sold off the DKK25m (€2.4m) in Ryanair stock it held at the end of last week, a spokesman for the DKK750bn pension fund confirmed.The exposure had been held indirectly through an external manager, he said.The move was a business decision, he said, adding that ATP did not make the specific factors in individual investment decisions public. At the beginning of this year, Industriens Pension decided to exclude Ryanair from its investible universe, selling off around €60,000 of the airline’s shares, which it had in a passive investment portfolio run by an external manager, a spokesman for the DKK137bn labour-market pension fund said.“We find the management’s business practices and unwillingness to engage in dialogue very problematic,” he told IPE.“Such behaviour also constitutes a business risk we do not want to take.”The pension fund had tried to discuss this with Ryanair through its external ESG adviser, the spokesman said.PensionDanmark, which manages DKK171bn of labour-market pensions money, made the decision back in September to exclude Ryanair and sold its exposure of around DKK50m then.Jens-Christian Stougaard, director at PensionDanmark, told IPE: “The decision to exclude Ryanair was made on a basis on their unwillingness to comply with ILO (International Labour Organization) conventions 87 and 98, as well as pending trials, which can have a negative effect on the company’s business model.”Convention 87 covers freedom of association and collective bargaining, while convention 98 deals with collective bargaining.Stougaard said the pension fund’s service provider had had conversations with Ryanair for several years on these issues.“Even though the company has been open to dialogue, it has not made any satisfactory changes and is not willing to change since the basis of their low-cost business is having the crew operate on Irish contracts of employment,” he said.Ryanair only conducted collective bargaining with its employee representative committees, which deprived staff of the option of bargaining through a union, he said. “We prefer to stay invested and work for change, but sometimes the dialogue is not fruitful, as in the case of Ryanair,” Stougaard said.Ryanair, meanwhile, remains defiant in the face of the pension fund divestments in Denmark.“There are plenty of buyers out there who would be only too happy to buy these shares, which have risen by 19% since 1 January this year,” a spokesman for the company said.“Ryanair is an Irish registered airline, and our pilots and crew operate on Irish registered aircraft in full compliance with EU law.”He said the company had made a formal complaint to the EU Commission about the “multiple breaches by Denmark of fundamental freedoms that are protected by EU law”.He said the mayor of Copenhagen and municipalities involved were breaking EU law by banning their staff from choosing Ryanair’s lowest-fare flights and their case for doing so was baseless.LO, the Danish Confederation of Trade Unions, said it was now awaiting the judgment from the Labour Court to a case LO filed, which was heard on Monday.The dispute centres around Ryanair’s refusal of the Flight Personnel Union’s request for a collective agreement for flight crew staff working on the new air base the airline announced it would set up in Kastrup Airport in Copenhagen from the end of March 2015.last_img read more

first_img Maguire faces Chris Wilder’s stars in a crunch battle for a European place at Old Trafford on Wednesday. But while he admits he always looks for the Blades results first on match days after starting his career at Bramall lane, he hopes they finish below United.Advertisement Manchester United captain, Harry Maguire, is delighted for Sheffield United and their league success this season. Loading…center_img “It’s a fantastic football club and one I’m really proud of because of how well they’re doing at the moment. read also:Man Utd legend Keane blasts De Gea, Maguire after Spurs duel “I’m really thankful for the opportunity they gave me to start my professional career, and the faith and trust they showed in me at a young age. “I’m really happy with how they’re doing and theirs is the first result I look for after a game with United. Hopefully, they can finish one place below us!” FacebookTwitterWhatsAppEmail分享 last_img read more

first_imgAfter four games on the road, this is the Women of Troy’s first weekend at home. They will start the weekend with a rematch against Washington, and on Sunday, they will finish out their weekend with a rematch against Washington State. Both Washington teams defeated USC by a margin of 12 points or fewer earlier in the season. Those victories came immediately after the turmoil of losing junior Jordan Adams and senior Brianna Barrett, two starters sidelined for eligibility issues.Although both of the previous Washington games resulted in losses, associate head coach Beth Burns said that those losses were more of factor in the loss of Adams and Barrett. Their focus this weekend will be less on their opponents — which include Washington’s Kelsey Plum, the nation’s second highest scorer — and more on improving their own offensive game.“The last time we played these teams, it was eight games ago,” Burns said. “This is a completely different team taking the court this weekend.”The Women of Troy are coming off of a split weekend in Arizona. They started their weekend with a solid 67-57 victory over Arizona, improving to 17-7 on their season. On Sunday, the team played it close with No. 8 Arizona State right until the buzzer. The Sun Devils squeaked by with a 69-68 win.Though the game against Arizona State is a loss on paper, both games served as a massive confidence boost for a team still searching for a rhythm midseason. Junior Courtney Jaco has risen as an offensive leader, notching 24 points — including four 3-pointers — in last Friday’s comeback win against Arizona. Her role has changed the most this season, as she left behind her role as an outside shooter to become the team’s point guard.“Last weekend gave us the most confidence, and I think you can see that by how we played,” Jaco said. “Before, we weren’t getting our offense going; we weren’t hitting our outside shots, and that was all in our heads. It was a confidence thing. I think as we’re getting our confidence up, we’re seeing that we can really hang in there with anyone.”Down low, sophomore Kristen Simon and transfer graduate Temi Fagbenle have become solid anchors for the team, with both forwards putting up double digits in at least one of the two games last weekend. Fagbenle said that one of the team’s greatest struggles has been endurance and keeping players healthy and eligible to suit up for each game.“We have to stick together and stay focused because when you’re tired, it’s easy to lose that focus,” Fagbenle said. “It’s not easy. It’s certainly not making it easier on us, but it’s something that we can overcome when we stick together as a team. I think, at this point, we are very capable of challenging these supposed superior teams.”Friday’s game against Washington will also be the program’s annual “Pink Game.” To raise awareness for breast cancer, the team will wear pink and is encouraging fans to do the same. To further raise funds for breast cancer, USC is asking fans to donate to the Kay Yow Foundation online. The foundation, inspired by legendary North Carolina State women’s basketball coach Kay Yow, is officially backed by the Women’s Basketball Coaches Association.For the USC program, the foundation hits close to home. Burns was an assistant coach under Yow at North Carolina State, and head coach Cynthia Cooper won a gold medal in the 1988 Seoul Olympics with Yow as her coach. Now, Cooper is the Pac-12 coordinator for the foundation, and her goal for this year is to raise $2,500 from USC and $25,000 from the division as a whole.“When [Low] had Stage Four breast cancer, she said that this was something that she wouldn’t beat it in her lifetime, but it is something that we can beat in the next,” Burns said. “This is one of the most important causes we can partner with, and we have a lot of faith in this foundation and in our ability to raise the money we need.”last_img read more

first_imgDeMarcus Cousins #0 of the New Orleans Pelicans reacts during the game against the Milwaukee Bucks at Smoothie King Center on December 13, 2017, in New Orleans, Louisiana. AFPWASHINGTON, United States — New Orleans Pelicans forward DeMarcus Cousins, set for a starting appearance in the NBA All-Star Game next month, will instead miss the remainder of the season, the club announced Saturday.Cousins will undergo surgery to repair a ruptured left Achilles tendon suffered when he was going for a rebound late in the Pelicans’ 115-113 victory over Houston on Friday.ADVERTISEMENT LATEST STORIES Jaja makes her final stand OSG plea to revoke ABS-CBN franchise ’a duplicitous move’ – Lacson An MRI exam confirmed the extent of the injury and the need for surgery for the 2016 Rio Olympic gold medalist.Paired with fellow big man Anthony Davis, Cousins had helped push the Pelicans toward their first playoff appearance since 2015 and what would have been the first post-season trip of his eight-season NBA career, six of those campaigns with Sacramento.FEATURED STORIESSPORTSTim Cone, Ginebra set their sights on elusive All-Filipino crownSPORTSGinebra beats Meralco again to capture PBA Governors’ Cup titleSPORTSAfter winning title, time for LA Tenorio to give back to Batangas folkCousins is averaging 25.2 points and 1.6 blocked shots a game as well as career highs of 12.9 rebounds and 5.4 assists a game.He ranked third in the league in rebounds and eighth in scoring. OSG plea to revoke ABS-CBN franchise ’a duplicitous move’ – Lacson View comments Michael Porter Jr. stays patient as playing time increases Carpio hits red carpet treatment for China Coast Guard PLAY LIST 02:14Carpio hits red carpet treatment for China Coast Guard02:56NCRPO pledges to donate P3.5 million to victims of Taal eruption00:56Heavy rain brings some relief in Australia02:37Calm moments allow Taal folks some respite03:23Negosyo sa Tagaytay City, bagsak sa pag-aalboroto ng Bulkang Taal01:13Christian Standhardinger wins PBA Best Player award Lights inside SMX hall flicker as Duterte rants vs Ayala, Pangilinan anew Almazan vows to comeback stronger after finals heartbreak Sports Related Videospowered by AdSparcRead Next Also announcing a season-ending surgery on Saturday were the Memphis Grizzlies, who declared the campaign over for guard Mike Conley.Conley, who had been sidelined since November, will undergo surgery to smooth a small bone protrusion in his left heel that continues to cause pain. He is expected to recover in time for the 20-18-19 season.The 30-year-old son of 1992 Olympic triple jump champion Mike Conley Snr has played 11 NBA seasons, all for the Grizzlies.In 12 games this season, Conley averaged 17.1 points, 4.1 assists and 2.3 rebounds a game. /cbbADVERTISEMENT Steam emission over Taal’s main crater ‘steady’ for past 24 hours MOST READ Nonito Donaire vs Naoya Inoue is BWAA 2019 Fight of the Year Don’t miss out on the latest news and information. Jiro Manio arrested for stabbing man in Marikina Newsome sets focus on helping Bolts open new PBA season on right tracklast_img read more