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Chevron, union signal tentative pact to finish California refinery strike By Reuters

by Index Investing News
May 26, 2022
in Markets
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© Reuters. FILE PHOTO: The emblem of Dow Jones Industrial Common inventory market index listed firm Chevron (CVX) is seen in Los Angeles, California, United States, April 12, 2016. REUTERS/Lucy Nicholson

By Erwin Seba

HOUSTON (Reuters) – The United Steelworkers union (USW) on Thursday afternoon signed a tentative settlement to finish a nine-week-old strike at Chevron Corp (NYSE:)’s Richmond, California, refinery, the corporate and union mentioned.

Phrases weren’t instantly obtainable for the tentative settlement, which is topic to ratification by members of USW Native 12-5 representing the five hundred staff who walked off their jobs on March 21, the 2 sides mentioned.

Employees will vote on the contract over the weekend, with outcomes anticipated by 12:01 a.m. PDT (0701 GMT) on Monday, based on a joint assertion for each side supplied by Chevron spokesperson Tyler Kruzich.

“If the settlement is ratified, these USW staff nonetheless on strike will return to work over the upcoming weeks,” the assertion mentioned.

A USW spokesperson was not instantly obtainable.



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Tags: CaliforniaChevronpactrefineryReutersSignstriketentativeUnion
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