Finance
Norway oil workers reach wage deal
Published by Global Banking & Finance Review®
Posted on May 13, 2025
1 min readLast updated: January 23, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on May 13, 2025
1 min readLast updated: January 23, 2026
Norwegian oil workers and unions reached a wage deal, increasing pay and preventing strikes. The agreement affects 7,400 workers.
OSLO (Reuters) -Wage talks between Norwegian oil firms and two labour unions resulted in a deal on Tuesday, industry and union officials said.
The Lederne union and Styrke both came to an agreement with companies, industry group Offshore Norway said, while a third union, Safe, will be encompassed by the settlement, averting the risk of strike action by some workers later this year.
The new contract raises annual pay for oil and gas workers by at least 35,000 Norwegian crowns ($3,353), the unions said.
The wage talks covered in total about 7,400 union members, employed by such companies as Equinor, ConocoPhillips and Aker BP.
($1 = 10.4369 Norwegian crowns)
(Reporting by Terje Solsvik, editing by Gwladys Fouche)
The main topic is the wage deal reached between Norwegian oil workers and unions, which increases pay and prevents strikes.
The involved parties are Norwegian oil firms, the Lederne and Styrke unions, and companies like Equinor and ConocoPhillips.
The deal increases annual pay for oil workers by at least 35,000 crowns and prevents potential strike actions.
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