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USO-ECP reach collective bargaining agreement, avert strike

Monday, August 25th, 2014 Category: Eye on Ecopetrol
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After 30 hours of continuous negotiations and on the eve of the deadline, Ecopetrol (NYSE:EC) and its main workers union USO reached a collective bargaining agreement that will run from 2014-2018. The agreement came in the midst of threats of a union wide strike, and concedes a study group to limit the outsourcing of workers.

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