Business UpdateJun 15, 2026, 06:12 AM
Ecopetrol Reaches 6-Year Collective Bargaining Agreement with Unions
AI Summary
Ecopetrol S.A. announced it has reached a final agreement on a new six-year collective bargaining agreement with the Oil Workers Union (USO), effective January 1, 2026. Additionally, the company finalized agreements with 66 other labor unions. These agreements, resulting from over 990 negotiation sessions, include enhanced working conditions, improved health and education benefits, and strengthened diversity, equity, and inclusion initiatives, aiming to contribute to employee well-being and align with company principles.
Key Highlights
- Ecopetrol reached a final agreement on a new collective bargaining agreement with the Oil Workers Union (USO).
- The agreement has a term of six years, effective as of January 1, 2026.
- The company also entered into 66 final agreements with other participating labor unions.
- Discussions involved over 990 sessions, emphasizing dialogue and mutual respect.
- Agreements include improvements in working conditions, health, and education benefits.
- Initiatives for diversity, equity, inclusion, and social investment are strengthened.
- The agreements align with the company's principles of reasonableness, efficiency, and cost discipline.
- Ecopetrol expects to formalize and file the agreement with the Ministry of Labor soon.
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