Norwegian oil workers accept wage agreement, averting strike

Norwegian oil workers accept wage agreement, averting strike/Reuters

VoM News Desk | May 8, 2024 | 10:21 AM IST | Breaking News, Norway, World | Follow on Google News

Norwegian oil workers accept wage agreement, averting strike

Norwegian oil workers accept wage agreement, averting strike

OSLO, May 8 (Reuters) – Wage talks between Norwegian oil firms and three labour unions ended in a deal on Wednesday, industry and union officials said, averting the risk of strike action later this year that could have hit supply.

Unions Lederne, Safe and IE&FLT came to an agreement with companies, industry group Offshore Norway said.

Norway produces around 4 million barrels of oil equivalent per day, almost equally divided between oil and natural gas.

The Nordic country became Europe’s largest gas supplier after Russia cut its deliveries amid the war in Ukraine.

The wage agreements cover 7,300 workers at more than a dozen oil companies and suppliers, including Equinor (EQNR.OL), opens new tab, ConocoPhillips (COP.N), opens new tab, Aker BP (AKRBP.OL), opens new tab and Vaar Energi (VAR.OL)

(Except for the headline, this story has not been edited by VoM News staff and is published from syndicated feed)

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