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Norway oil workers union rejects wage deal, strike possible

OSLO (Reuters) -Members of the Lederne labour union representing Norwegian oil workers have voted to reject a wage deal negotiated with oil companies, a state-appointed mediator...
Norway oil workers union rejects wage deal, strike possible © Reuters.

OSLO (Reuters) -Members of the Lederne labour union representing Norwegian oil workers have voted to reject a wage deal negotiated with oil companies, a state-appointed mediator said on Thursday.

It was not immediately clear if Lederne's members would go on strike as a result of the vote, or if negotiations would resume. If Lederne members were to go on strike, they would target oil output, not gas output, the union previously said.

The union was not available for comment when contacted by Reuters.

Members of a separate union, Safe, have accepted the deal, the mediator added.

Both unions had negotiated agreements earlier this month with the Norwegian Oil and Gas Association (NOG), but were seeking approval from members before deciding whether to formally endorse the deals.

NOG was not immediately available for comment when contacted by Reuters.

Lederne had said that, in case of a strike, Norway's oil production would likely be cut, while the union would initially seek to prevent a reduction in natural gas export at a time of tight supply in Europe.

Norway pumps just over 4 million barrels of oil equivalent per day, half in the form of crude and other liquids and half from natural gas, making it a major global energy supplier.

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01-05-2024 10:45:17 (UTC+7)

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 GBP/USD1.2475↑ Sell
 USD/JPY157.91↑ Buy
 AUD/USD0.6469Neutral
 USD/CAD1.3780↑ Buy
 EUR/JPY168.32↑ Buy
 EUR/CHF0.9808Neutral
 Gold2,295.80↑ Sell
 Silver26.677↑ Sell
 Copper4.5305↑ Buy
 Crude Oil WTI81.14↑ Sell
 Brent Oil85.62↑ Sell
 Natural Gas1.946↑ Sell
 US Coffee C213.73↑ Sell
 Euro Stoxx 504,920.55↑ Sell
 S&P 5005,035.69↑ Sell
 DAX17,921.95↑ Sell
 FTSE 1008,144.13Sell
 Hang Seng17,763.03↑ Sell
 Small Cap 20001,973.05↑ Sell
 IBEX 3510,854.40Neutral
 BASF49.155↑ Sell
 Bayer27.35↑ Sell
 Allianz266.60↑ Sell
 Adidas226.40↑ Sell
 Lufthansa6.714Neutral
 Siemens AG175.90↑ Sell
 Deutsche Bank AG15.010Neutral
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