The threat of an ever looming strike within the UK offshore oil and gas industry has been averted after a new offer from offshore companies.
It’s believed a new deal, proposed by companies operating within the UK offshore sector, has been agreed in principal by offshore unions. The offer is now expected to be put forward to union members for final approval.
The deal has also been seen as a positive move by the Offshore Contractors Association (OCA), the body responsible for representing companies operating within the UK’s offshore industry.
Officer at Unite union Willie Wallace commented: “Today’s talks have been constructive and we have made enough progress to be able to put an improved offer from the OCA to our membership.
The talks started after changes to working rotations and conditions in the industry. Employing companies have repeatedly pointed towards the price of oil as a reason for the change.
The new deal comes after a recent annual survey, by Aberdeen and Grampian Chamber of Commerce (AGCC), reported the confidence among operating companies within the North Sea was at a record low, and UK based accountancy firm Moore Stephens’ report at the end of 2014 claiming the number of insolvencies within the UK offshore oil and gas industry had trebled.
Last updated on 10:58AM - 25/06/15