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Ecopetrol and Union Strike Deal for Six Years
24 Jun
Summary
- Ecopetrol and its main workers union agreed to a six-year contract.
- The agreement was reached after a 24-hour strike by the union.
- The deal includes improvements in working conditions and benefits.
Ecopetrol, Colombia's largest energy producer, has finalized a six-year collective bargaining agreement with its main workers union, USO. This significant accord, effective January 1, 2026, was reached after the union recently conducted a 24-hour strike protesting stalled negotiations.
Beyond the agreement with USO, Ecopetrol has also secured 66 other labor agreements. These encompass improvements in employee working conditions, enhanced health and education benefits, and the implementation of diversity and inclusion programs. The company is expected to formally submit the agreement to the Ministry of Labor shortly.
The union had previously sought substantial pay increases, including inflation plus 20% in the first year, followed by inflation plus 10% for the subsequent four years, alongside reduced working hours. Ecopetrol, responsible for over 60% of Colombia's hydrocarbon production, has now reached a resolution that will shape labor relations for years to come.
