NVDA Q3 Earnings Alert: Why our AI stock picker is still holding Nvidia stockRead More

Wood maintenance workers back strike on Shell UK platforms

Published 13/07/2016, 16:55
© Reuters. A Shell sign is pictured near Nowshera
SHEL
-
WG
-
LCO
-

LONDON (Reuters) - As many as seven of Royal Dutch Shell's (L:RDSa) North Sea platforms could be hit by the first strike action in the basin in 10 years after Wood Group (L:WG) employees working on the facilities voted on Wednesday in favour of industrial action.

Wood Group workers are employed on Shell platforms to carry out maintenance work. A person familiar with the operations said this meant production from the platforms was unlikely to be affected by potential strikes in the short term.

Nearly all Wood Group workers who participated in the ballot carried out by labour unions Unite and RMT supported strike action over disputes surrounding pay and working conditions, the unions said.

Weak oil prices are expected to cost around 120,000 oil workers in Britain their job by the end of the year, according to industry group Oil and Gas UK, and many have had to accept pay cuts.

Wood Group announced in February a 9-percent cut in wages of around 200 British contractors, following pay reductions in December 2015 and May 2014.

The unions said they would now consider how to proceed and were open to further talks. Shell said its platforms concerned were Brent Alpha, Bravo and Charlie, Gannet, Nelson, Curlew and Shearwater.

"We are committed to continuing to engage openly with our employees and the unions with a view to reaching a positive resolution," said Dave Stewart, chief executive for Wood Group's eastern region business unit.

© Reuters. A Shell sign is pictured near Nowshera

He added that workers affected by pay cuts would see their salary drop by 3 percent rather than 30 percent as suggested by the unions.

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.