Norway’s oil workers in deal

City A.M. Reporter
NORWEGIAN energy firms and oil services workers reached a preliminary wage deal over the weekend, raising hopes the sides could avoid another strike after labour action in July hamstrung the world’s eighth-largest oil exporter.

They agreed on a 4.5 per cent wage increase, subject to a ballot by the 5,800 employees, negotiators said in separate statements.

“Negotiations have yielded a new proposal for next year's wage agreement ... and a ballot to members will be sent out at the beginning of next week,” said the Industri Energi trade union.