Strike ends at Exxon’s Fos refinery in France (NYSE:XOM)

Strike ends at Exxon’s Fos refinery in France (NYSE:XOM)


Spencer Platt/Getty Images News

Exxon Mobil (NYSE:XOM) said on Sunday that the workers strike has ended at its Esso refinery in Fos-sur-Mer in southern France and units that were shut down are being restarted, although it is not clear if a labor deal has been reached.

The walkouts began on June 28 with workers demanding higher wages to cover inflation, part of wider union efforts during the past week that have hit other energy companies in France.

The Fos site has a refining capacity of 7M metric tons/year, which equates to ~10{3b930a6ca12a59604e1bbadfc55b7d1b7a0aa8613f1ab9377cace0d5afcb5fb9} of France’s total refining capacity, according to the company.

The energy sector strikes come as France’s government is under pressure to relieve surging inflation, asking energy firms to help customers cope with high fuel prices by extending and increasing rebates.

Quoted from Various Sources

Published for: Ipodifier