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News & Views from the RTBU NSW Locomotive Division

QUBE Archives - Loco Express

Asciano’s profit down as takeover takes effect

Aug 19, 2016News

Asciano’s profit in its last year of operation as an independent company tumbled by 24 per cent, according to reports in The Australian. The revelations come just after the $9 billion takeover by Qube Holdings and […] Read More »

Asciano takeover on hold again

May 26, 2016News

It looks as though the takeover of Asciano will have to wait another month at least, with the Australian Consumer and Competition Commission (ACCC) expected reveal new concerns about elements of the bid. The joint […] Read More »

ACCC raises further concerns about Asciano takeover

Apr 4, 2016News

There’s been yet another twist in the Asciano takeover bid saga. The competition watchdog has now stepped in and questioned the commercial relationships between Qube, Brookfield Infrastructure and the six international investment funds behind the […] Read More »

QUBE EA gets a nod…just

Apr 1, 2016News

The latest enterprise agreement at QUBE was recently voted up by a slim margin, with 68 yes votes to 64 no votes. The vote was the third attempt by the company to get its agreement […] Read More »

Is the Asciano sale nearing an end?

Mar 17, 2016News

The Asciano debacle has taken yet another turn, with Qube and Brookfield agreeing to divvy-up Asciano  – potentially meaning the seemingly never-ending back and forth bidding war may soon be over. The proposed deal would […] Read More »

Qube and Brookfield teaming up?

Feb 23, 2016News

The Asciano/QUBE/Brookfield love triangle is continuing. After last week announcing that they were going with the Qube Consortium’s bid, the Asciano Board has this week indicated that Qube and Brookfield have now decided to team […] Read More »

QUBE EA debacle continues

Feb 11, 2016News

The union negotiating team is continuing to push for a QUBE enterprise agreement that provides members with the wages and conditions they deserve. Unfortunately, however, while there has been some progress, the company is stalling […] Read More »

Further twists in Asciano sale

Jan 29, 2016News

There’s been yet another twist on the ongoing debate around the sale of Asciano, with QUBE Holdings putting in a $9 billion takeover offer. Brookfield (a Canadian company which had already put in an offer), […] Read More »

QUBE EA negotiations likely to come to another vote

Jan 15, 2016News

With members voting down the proposed Enterprise Agreement in December last year, the RTBU and you EA Delegates met with QUBE management last week to get the ball rolling again for the new year. This […] Read More »

Last ditch attempt to get QUBE agreement 

Sep 4, 2015News

QUBE members recently showed they didn’t think the company’s offer was up to scratch by voting against the proposed enterprise agreement.  Read More »

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