BP unions in Rotterdam vow strike if wage demands not met
FILE PHOTO: A view of a signage outside a BP petrol station in central London, Britain, August 2, 2022. REUTERS/Henry Nicholls/File Photo
AMSTERDAM (Reuters) - Workers at the BP PLC oil refinery in Rotterdam are threatening to strike if their pay demands in a new collective bargaining agreement are not met by noon on Nov. 14, fuelling concerns about a potential diesel shortage next month.
The BP refinery in Rotterdam processes around 400,000 barrels of oil annually, and is an important supplier of diesel to Northern Europe.
"If we don't receive a reaction from BP about our ultimatum and our demands, then we will proceed to action," said spokesman Jaap Bosma of the CNV union in an interview. CNV represents 440 of the 730 workers at the refinery and says it has a mandate from them to strike.
BP said it remains in discussions with the unions and is hopeful of a resolution.
"We regret that we have not yet reached an agreement and that actions may follow," the company said in an e-mailed statement.
"We are convinced that we have offered a fair, market-based proposal...Naturally, we will remain in dialogue to reach an agreement soon."
Bosma said BP's final offer for a new collective labour agreement under discussion since April had been for a 5% wage increase and a one-time bonus of 4,000 euros ($4,000).
With Dutch inflation running around 15%, workers are seeking a 6% increase, the 4,000-euro bonus, and also an equity compensation package that would amount to another 3.5% pay increase, Bosma said.
Market observers and the Dutch government have warned of possible diesel shortages after Russian crude is banned from European ports in early December.
(Reporting by Toby Sterling; Editing by Emelia Sithole-Matarise)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Chevron gets Street-High PT at Piper Sandler on booming oil prices
- Brazil's Vale drops IPO plans for critical minerals unit, The Globe and Mail reports
- Asian shares climb ahead of US jobs data, Fed's Waller soothes bonds
Create E-mail Alert Related Categories
ReutersRelated Entities
Crude OilSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!



Tweet
Share