Norway Labor Union SAFE Approves Wage Deal, Averts Oil Strike


OSLO, June 26 (Reuters) - Norwegian labour union SAFE has agreed a wage deal with offshore oil producers, it said on Thursday, averting a strike at several ExxonMobil Corp fields which would have cut output.

"There will be no strike among SAFE's members (working) on the continental shelf," union leader Hilde-Marit Rysst said in a statement.

The deal had already been approved by other unions but SAFE had held out, requesting time to consider the proposal.

A strike would have cut output by about 50,000 barrels of oil per day.

SAFE said a disagreement over pensions at some companies had been resolved in local negotiations and it believed the overall deal it had reached with oil companies was the best it could realistically achieve.

(Reporting by Balazs Koranyi; Editing by Terje Solsvik and David Holmes)

Copyright 2017 Thomson Reuters. Click for Restrictions.


Click on the button below to add a comment.
Post a Comment
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.


Our Privacy Pledge

Most Popular Articles

From the Career Center
Jobs that may interest you
Executive Assistant
Expertise: Secretarial or Administrative
Location: Houston, TX
Quality Management Coordinator Analyst
Expertise: Operations Management|Planner / Scheduler
Location: El Segundo
Products Market Risk Analyst
Expertise: Financial Analyst|Risk Management
Location: Houston, TX
search for more jobs

Brent Crude Oil : $59.02/BBL 3.79%
Light Crude Oil : $52.22/BBL 3.07%
Natural Gas : $2.92/MMBtu 1.31%
Updated in last 24 hours