Saskatchewan Refinery Workers Ratify Contract Agreement That Averted Stike

(Bloomberg) -- Workers at Federated Co-operatives
Ltd.'s oil refinery in Regina, Saskatchewan, ratified a new labor
agreement, averting a strike at the 100,000 barrel-a-day plant.

More than 90 percent of unionized workers voted for the
three-year contract, which will boost wages by 5 percent in the
first year and 4.5 percent in each of the next two years, the
Communications, Energy and Paperworkers Union of Canada said in
an e-mailed statement yesterday.


Read more at Bloomberg Energy News

Mondi to buy Austrian, Turkish packaging firms

(Reuters) - Paper producer Mondi Plc/Ltd said on Friday it had agreed to buy Austria's Unterland Flexible Packaging (UFP) and a majority interest in Turkish corrugated packaging firm Tire Kutsan.

Mondi, spun off from mining group Anglo American earlier this week, said it had agreed to buy UFP from German financial investor CMP and members of its management team for 74 million euros, including debt.


Read more at Reuters Africa