Get 40% Off
These stocks are up over 10% post earnings. Did you spot the buying opportunity? Our AI did.Read how

Offshore workers to strike at BP North Sea installations, union says

Published 03/03/2023, 09:43
Updated 03/03/2023, 18:06
© Reuters. FILE PHOTO: Vehicles drive past a BP (British Petroleum) petrol station in Liverpool, Britain, February 7, 2023. REUTERS/Phil Noble

(Reuters) -About 50 offshore workers on BP (LON:BP) North Sea installations have backed strike action in a dispute over pay and overtime rates, British union Unite said on Friday.

The strike involves Unite’s members who work on BP's Andrew, Clair, Clair Ridge, ETAP, Glen Lyon and Mungo installations in the North Sea. They will hold a series of 24 and 48-hour stoppages, the union said.

"BP is aware of the outcome of this ballot and we continue to liaise with the employing company Sparrows," a BP spokesperson said in an emailed response.

Victor Fraser, regional officer at Unite, said representatives would meet later on Friday to finalise the type of action and the date.

"Members want overtime to be paid at a premium rate of time and a half," Fraser told Reuters by email. He said that hours over and above the normal 12-hour shift or days worked in addition to the current three-week offshore stint are currently paid at single time.

Unite earlier said that 96.97% of Unite members on the BP installations supported strike action in a ballot turnout of 78.57%. The union also said the GMB and RMT trade unions were also balloting their members who work on the BP installations.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.