10.07.2012 - Oslo

Strike of Oil Workers Ends with Government Intervention

The Norwegian government has ordered an end to the ongoing strike by oil and gas workers as the producers threatened a lockout which would have shut down the industry.

Norway provides 20 percent of gas demand of Europe, so a possible lockout would affect all Europe.

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Labor Minister Hanne Bjurstrøm said early Tuesday that they decided to intervene in the conflict with compulsory arbitration. The strikers must therefore go back to work.

- Of course we feel betrayed as the government goes to compulsory arbitration in this conflict, says Industrial Energy negotiator Leif Sande said to E24.

The government can use compulsory arbitration in cases where there is risk of serious injury to society. The reason that the minister intervenes is the enormous economic impact of the closure of the Norwegian continental shelf.

If the full lockout had entered into force tonight. All production of Norway's most important export commodities would have eventually be stopped and it would have costed1.8 billion NOK every day.

Related Articles:

Norwegian Companies Prepare to Stop All Production of Oil and Gas

700 oil workers in the North Sea on strike

TAGS: Strike, Oil, Energy

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