Chevron Australia LNG Plant Workers Look To Resume Strikes As Talks Stall: Report

Chevron Corporation CVX is reportedly under scrutiny from labor unions representing its workers at two Australian liquefied natural gas (LNG) sites.

The unions claim that Chevron has backtracked on promises made to the nation's industrial arbitrator, the Fair Work Commission (FWC).

After nearly two weeks of talks to turn the commission's recommendations into a legally binding contract, unions on Thursday accused Chevron of "reneging" on key commitments, according to a report from Reuters.

Workers called off strikes in late September after the parties accepted proposals on pay and conditions proposed by the arbitrator.

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Workers voted to restart strike action at the Gorgon and Wheatstone facilities, responsible for around 7% of global LNG production, the report noted, citing a union representative.

Unions must formally provide Chevron seven days' notice before any strikes can start, the report added.

Price Action: CVX shares are tarding higher by 0.33% at $163.58 on the last check Thursday.

Disclaimer:This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.