Philippine-based Lorenzo Shipping Corporation announced that it will renew its collective bargaining agreement (CBA) with its labor union, PTGWO-PMWU, after three months of intensive negotiations.
The two parties have agreed on improved economic conditions regarding the provisions on the 2009 and 2010 periods of its contract.
[404 Check: was link to http:/ / businessmirror. com. ph/ index. php?option=com_ content&view=article&id=6189:lorenzo -shipping -signs -deal -with -labor -union&catid=33:economy&Itemid=60, anchor: Link: Lorenzo Shipping signs deal with labor union]