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Ecopetrol reaches deal to avoid strike

Monday, August 25, 2014

Colombian state oil company Ecopetrol reached an agreement with two of its main labor unions to avoid possible strike action that could have reduced output from the Andean nation, the company said.

Ecopetrol reached an accord that runs until 2018 on pay and social benefits with the USO and ADECO unions which represent the bulk of its 8,800 workers.

It reached partial agreement with the SINDISPETROL union but was unable to settle with a fourth group, ASPEC, it said in a statement.

Source: Reuters