Norwegian oil firms, labour unions agree wage deal

Norwegian oil firms, labour unions agree wage deal

Of us traipse on the Equinor’s Johan Sverdrup oilfield platform within the North Sea, Norway December 3, 2019. REUTERS/Ints Kalnins

Norwegian oil firms procure come to a wage settlement with employees, three labour unions and an industry affiliation talked about on Wednesday, combating the ability outbreak of a strike amongst workers later this year.

Norway is western Europe’s ultimate oil and gasoline producer, pumping about 2.1 million barrels of oil liquids per day (bpd) while gasoline manufacturing amounts to round 2 million barrels of oil identical per day (boed).

The Norwegian Oil and Fuel Affiliation (NOG), which negotiated on behalf of vitality firms, talked about every employee’s annual wage will enlarge by 20,100 Norwegian crowns ($2,409).

Final year, a 10-day labour warfare titillating contributors of the Lederne union lower Norway’s day-to-day output by round 8% and had threatened to enlarge the outage to round 25% before an excellent deal was once struck.

The Lederne union’s 1,000 contributors had retained the true to head on strike all all over again this year if no deal was once reached. The upper Industri Energi and Safe unions, which were also phase of the talks, didn’t procure the true to strike alternatively.

Lederne, Safe and Industri Energi all confirmed they had signed the settlement.

The talks covered 7,000 workers in total, largely rig operators, drillers and service employees at 14 firms at the side of Equinor (EQNR.OL), Aker BP (AKERBP.OL), Lundin Vitality (LUNE.ST) and ConocoPhillips (COP.N), the NOG has talked about.

($1 = 8.3449 Norwegian crowns)

Our Standards: The Thomson Reuters Belief Principles.

Be taught Extra

Share your love