BP (NYSE: BP) agreed to pay workers at a Rotterdam refinery, CNV said on Friday.
All units at the 400K bbl/day refinery are being restarted after being idle for a long time. two weeks ago, but oil production will remain “low” until workers vote next Wednesday, according to a spokesman for the union.
The contract states that the salary agreement includes a new three-year package including a 6% salary increase, a one-time bonus of €4K and the possibility to participate in the compensation plan, which allows employees to benefit from the benefits of BP (BP). after inflation in the Netherlands rose 14%.
At the start of the strike, BP said the union’s demands were unacceptable and out of line with the market.
The Rotterdam refinery is the second largest in Europe and is the most important diesel production unit in northern Europe.
Considering BP’s (BP) 30% price increase since September, it would be wise to invest in current energy, The Asian Investor writes in an analysis recently posted on Seeking Alpha.