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02 Feb 2015 11:22 #238209
by ketchim
US union leaders have launched a large-scale strike at nine refineries after failing to agree on a new
national contract with major oil companies.
It marks the first nationwide walkout since 1980 and impacts plants that together account
for more than 10% of US refining capacity.
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02 Feb 2015 11:25 #238211
by ketchim
Shell, Marathon Petroleum and LyondellBasell will see their facilities affected
but have since implemented strike contingency plans.
The last nationwide work stoppage in 1980 lasted three months.
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02 Feb 2015 11:40 #238219
by ketchim
"This industry is the richest in the world and can afford to make the changes we offered
in bargaining"
USW International Vice President of Administration Tom Conway
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02 Feb 2015 11:40 #238221
by ketchim
The move comes at a tough time for oil companies, which have been cutting costs
and reining in spending following a collapse in crude prices.
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02 Feb 2015 11:41 #238223
by ketchim
Oil prices have more than halved since last summer and are now trading around $47 a barrel.
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02 Feb 2015 11:42 #238224
by ketchim
A large part of this is due to an increase in oil volumes extracted from shale formations,
adding to a global supply glut.
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US oil workers on largest national strike : since 1980
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