Oil-workers' strike slashes Norway's output 10 percent

[dArKeR]

BLOOMBERG

A Norwegian oil-workers' strike that's cutting daily output from the world's third-largest oil exporter by more than 300,000 barrels entered its third day yesterday with little chance of a resolution, the nation's oil industry association said.

"For the moment the situation looks deadlocked," said Leif Harald Halvorsen, a spokesman for the oil-industry association, which represents the employers in the dispute.

"It's impossible to say how long the strike will last," he said.

More than 200 members of the OFS and Lederne unions stopped work early Friday morning, after negotiations failed to yield an agreement over pension plans and the use of temporary workers. They plan to expand the strike on Wednesday, bringing the cut to 450,000 barrels a day. Norway normally pumps 3 million barrels daily.

http://www.taipeitimes.com/News/worldbiz/archives/2004/06/21/2003175976

[JCMach1]

1. Ouch, there go prices...