Shell nyse Shel Alberta Unit Workers Approve Four year Agreement Including 16 Pay Boost

Shell (NYSE: SHEL) Alberta Unit Workers Approve Four-Year Agreement Including 16% Pay Boost

Canada’s Unifor union on Wednesday said its members at Shell (NYSE: SHEL) Alberta unit have ratified a new four-year agreement that includes a 16% wage increase.

The agreement averts a possible strike at the Scotford-based facility after members voted overwhelmingly in favor of a work stoppage in late June.

The agreement includes the possibility of further wage gains, Unifor said, adding that it also secured improvements to time off for statutory holidays and various union-based leaves.

“On July 7th Shell reached a tentative agreement with Unifor Local 530-A, which has now been ratified by the union membership,” a Shell spokesperson said in an emailed statement to Reuters.

The Scotford complex consists of a bitumen upgrader, an oil refinery, a chemicals plant, and a carbon capture and storage facility.

The upgrader has a capacity of 320,000 barrels of oil equivalent per day of diluted bitumen, according to Shell.

(Source: Reuters)