Negotiations begin

Well folks, we’ve made it through our first contract. The negotiation team has started working on drafting new proposals to our second contract, and will begin meeting with the Company very soon. I want to thank you, the members, for your input and encourage more of the same as we work through this negotiation period.

 

Make no mistake, this will take a while to work out the details. Negotiation is a give and take action. But we will come out the other side of this in a better place than we were before we started.

 

As before, it is in the Unions best interest to not discuss every detail of these meetings. But rest assured, we will keep you updated on our progress.

 

In solidarity,

George Evans

 

 

Oil up on Saudi support, China; poll shows less OPEC output

An oil worker walks past an oil installation operated by Venezuela’s state oil company PDVSA in Morichal in this July 28, 2011 file photo. REUTERS/Carlos Garcia Rawlins/Files

NEW YORK (Reuters) – Oil prices jumped 3 percent on Monday after China moved to boost its slowing economy and Saudi Arabia pledged to work with other crude producers to limit market volatility, developments that fed hopes the oil selloff would end.

A Reuters survey also indicated the Organization of Petroleum Exporting Countries pumped less crude this month than in January, boosting market sentiment.

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