Get 40% Off
⚠ Earnings Alert! Which stocks are poised to surge?
See the stocks on our ProPicks radar. These strategies gained 19.7% year-to-date.
Unlock full list

Portugal's fuel-tanker drivers threaten new strike: union

Published 04/29/2019, 01:57 PM
Updated 04/29/2019, 02:00 PM
© Reuters. FILE PHOTO: A sign reading "Diesel sold out" is seen at a gas station in Porto, Portugal, during a strike by fuel-tanker drivers

LISBON (Reuters) - Fuel-tanker drivers in Portugal threatened a new strike within a week if a deal is not reached over their demands for better pay and conditions, their union said on Monday.

A previous stoppage from April 15-18 prompted the government to declare an energy crisis, reduced airports’ fuel reserves to emergency levels, disrupted flights and forced motorists to queue for hours outside petrol stations.

The walkout, which became Portugal's worst outbreak of industrial unrest in years, ended after the government, the employers' association and the union representing striking drivers agreed to return to negotiations.

With the government acting as mediator, both parties returned to the negotiating table on Monday but union'legal adviser Pedro Henriques said no agreement had been reached.

"We are not asking for anything other than what we already asked for," Henriques told reporters after the meeting. "I regret this deadline has passed and that a conclusion wasn't reached."

He said the union would give the employers' group one extra week to act to meet the drivers' demands before making a decision on next steps but said a new strike was "very likely".

During the April 15-18 strike, about 2,000 petrol stations ran low on fuel supplies, at least one factory halted production and some bus routes around the capital Lisbon were suspended.

The walkout followed a wave of disputes in a nation that had been praised by European Union institutions as an economic model, implementing painful austerity measures after the global financial crisis a decade ago to underpin an economic recovery.

© Reuters. FILE PHOTO: A sign reading "Diesel sold out" is seen at a gas station in Porto, Portugal, during a strike by fuel-tanker drivers

Prime Minister Antonio Costa's minority Socialist government, propped up in parliament by the Left Bloc and the Communists, faces a general election in October this year. Although expected to win, the Socialists may struggle to secure enough seats to form a majority.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.