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Total French refineries on strike

February 17/2010

PARIS (WSJ) -- Oil major Total SA"s (TOT) French refineries were producing at minimum levels Wednesday due to employees" industrial action but the company has taken measures to ensure supplies to customers, a Total spokesman said.

 

Union Confederation Generale du Travail, or CGT, said in a statement that 95% of employees at all Total"s six refineries in France were on strike, while 80% of the group"s French storage units were also hit by the action, planned since Feb. 3 to protest against the company"s intention to cut refining capacities.

 

"We don"t comment on how many employees are on strike," the spokesman said.

 

"The company took measures so that this action at that stage has no impact on supplies to customers," the spokesman said, adding that refineries "are producing at minimum levels."

The strike is initially planned to last 48 hours but employees are to meet later in general assemblies to decide whether to extend it, CGT said.

 

The industrial action was agreed because Total has postponed its decision on the fate of its French Flanders refinery, which has been idled since Sept. 15, due to over capacities, following a drop in refining margins amid a fall of demand for oil refined products in Europe.

 

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Total French refineries on strike


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