Shell, unions reach wage deal to end industrial action at Prelude FLNG
MELBOURNE, Aug 24 (Reuters) - Shell SHEL.L and unions said on Tuesday they have reached a wage deal at the Prelude floating liquefied natural gas (FLNG) facility, clearing the way to end long-running industrial action and restart production at the site.
"Shell is pleased to confirm an in-principle Enterprise Agreement has been reached with the Australian Workers’ Union and Electrical Trades Union in relation to the Prelude FLNG facility," the company said in an emailed statement.
"The process to formally lift the work bans in place under the Protected Industrial Actions is expected to be completed shortly, which will enable the facility to commence the process to prepare for a hydrocarbon restart," it said.
Reporting by Sonali Paul; Editing by Tom Hogue