Summary of Today’s Important Economic News:
- Retail sales set to recover in second quarter
- Fed will keep eye on inflation data
- Global stock mixed ahead of key U.S. data
- Oil in track for weekly gains of 3%
- S. – China trade relations ‘hitting a new high’
- Gold prices move higher amid U.S. political turmoil
For further info on these subjects, visit: http://www.investing.com
Nigeria Exxon Oil : Bad working conditions
The Exxon Mobil Corporation workers in Nigeria started a strike. Being dissatisfied with the current working conditions, and the way they are treated in their daily operations. The idea of starting the strike came from these bad handling of everyday operating routines.
Firstly, the Labor union of Nigeria gave so many critics to Nigerian Oil companies. Because of their rude behavior on workers. The use of workers in such disrespectful way lead not only to one, but to a number of strikes in last few months.
“Members of the union started strikes in December, when 150 workers were sacked from their work.”
The chairman of the Lagos zone of the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), Abel Agarin, said his workers protested for the first time in December. They were hurt by the news that numbers of their cooperates lost jobs. He said 82 of these sacked individuals were PENGASSAN’s workers.
“We want to bring them back to work, and if that is not possible we want a proper severance package for them.” said Agarin
He also led around 50 protesters in the commercial capital, supporting their ideas.
Places where previous strikes took place
PENGASSAN said strikes took place in a few cities and Nigeria states including: Lagos, Bonny, Akwa Ibom and Port Harcourt.
There weren’t any impacts on Oil production. Strikes are not affecting the real oil output. Said a Exxon Mobile representative.
“It is still to early to say if strikes will affect the Nigerian Oil production. As time goes by, there will probably be some real consequences. “
Regarding a period of late 2016, and strikes which took place then, we can see that the previous strikes did actually impact the outputs. Not only they affected the output, but they also lead to weeks-long shipping delays. Causing the delayed trade.