Wednesday, July 13, 2016

Oil: "Decision which could herald wave of North Sea strikes due today"

We'll see if it matters to the market.
The result of a union ballot potentially paving the way for the first North Sea strikes in a generation is due out later today.

Almost half the workforce on Royal Dutch Shell's Brent oilfield, located north-east of the Shetland Islands, could walk out following a ballot of around 200 employees by trade unions Unite and RMT.
It comes after high stakes talks between the unions and oil services firm Wood Group broke down recently.

Trade union ire was stoked amid accusations of lower pay, longer hours and more demanding work schedules. North Sea oil firms have been forced to make cuts due to low oil prices, which have eaten into their profitability....MORE