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Colombian oil workers back down on strike threat

Thursday, March 26, 2015

Colombia's main oil workers' union, the USO, has called off a planned strike, its president said on Wednesday, averting disruption to the sector which is grappling with the halving of oil prices since the middle of last year.

USO members had voted on March 4 to hold a strike any time after March 26, to protest thousands of job cuts as major producers such as state-run Ecopetrol and Toronto-listed Pacific Rubiales slash investment and defer projects.

Source: Reuters