Chevron and Unions Agree on Deal to End Australia LNG Strike Chevron and Unions Agree on Deal to End Australia LNG Strikes
Chevron Corp. and labor unions reached an agreement to end strikes at key liquefied natural gas facilities in Australia that have roiled the global market for the fuel.
Workers have accepted a proposed settlement on pay and conditions put forward by the country’s labor regulator and will suspend industrial action, a union official said Friday. Chevron on Thursday confirmed it had accepted the proposal.
The decision effectively resolves a dispute that triggered industrial action from Sept. 8 at the Gorgon and Wheatstone facilities, which accounted for about 7% of global LNG supply last year. Union members at the Chevron sites had ramped up their initial wave of disruptions last week, beginning a series of 24-hour stoppages.