Hundreds of Norwegian oil workers have narrowly avoided going on strike after agreeing to an 11th hour pay deal.
More than 700 workers were poised to strike – a move which would have slashed western Europe oil and gas output by 6%.
However, union leaders confirmed they had agreed a pay deal they “can live with for year”. Pay increases include offshore compensation and holiday pay, according to the Union’s website.
Safe union leader Hilde-Marit Rysst said: “We’ve beaten back all attempts at weakening our terms.
“On pay, we got a deal we can live with for this year.”
A Safe union statement added: “The parties further agreed that apprentices who fail initial subjects / examinations, and this can not be attributed to their own conditions, requested the company to facilitate the continuation of necessary work experience period for the implementation of a new trial.”
The workforce was fighting for pay increases in-line with other industries, however, employers argued a low oil price environment dictated more flexible terms.
Fields operated by Statoil, Engie and ExxonMobil would have all been affected by any strike actions.
In 2012, a 16-day strike in Norway cut the country’s crude output by 13%.