Australia's Offshore Alliance On Chevron Deal Says Members Have Voted 94% In Support Of An In-Principle Agreement To Suspend Protected Industrial Action
Portfolio Pulse from Charles Gross
Australia's Offshore Alliance announced that its members have voted 94% in support of an in-principle agreement to suspend protected industrial action on a deal with Chevron (CVX).
October 17, 2023 | 9:09 pm
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POSITIVE IMPACT
Chevron's deal with Australia's Offshore Alliance is likely to proceed smoothly as 94% of the alliance's members voted in favor of suspending industrial action.
The overwhelming support from Offshore Alliance members for suspending industrial action indicates a smooth path forward for Chevron's deal. This could potentially boost Chevron's operations and reputation in Australia, positively impacting its stock in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100