Thousand workers of energy companies went on strike, demanding pay hikes to cope with soaring inflation rates
Workers demanded pay raise to cope with all-time high prices and rising inflation rate. While energy companies in France are enjoying significant profit growth due to rising energy prices, workers are struggling to keep up with growing prices. For several weeks, workers blocked ExxonMobil and TotalEnergies refineries, disrupting gas supply at thousands of stations across the country. The French Union demanded a 10% wage increase, with a 7% increase for inflation and a 3% increase for profit sharing.
French Government Declared a Rarely Used Ultimatum, Warning Employees to Resume Work
The total primary distillation capacity of French refineries was 1168 million barrels per day (mbd), in 2021. However, the prolonged strike reduced French refinery capacity by 60%, forcing the country to import more energy at a time when the world is already experiencing an energy supply shortage.
With the growing disruption in energy supplies, the French government declared an ultimatum for two blocked Esso-ExxonMobil refineries, warning the same measure could be applied to TotalEnergies workforce as well. Soon after the government warning, an agreement was reached between the management of the ExxonMobil group and its workers, hinting at a gradual unblocking.
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