Neste Shipping completes its statutory employer-employee negotiations

Neste Shipping completes its statutory employer-employee negotiations

Neste Oil’s shipping company, Neste Shipping, has completed the statutory employer-employee negotiations initiated on 1 October this year covering the plan to outsource its ship management functions. Following a decision taken after the conclusion of the negotiations, Neste Shipping is considering the possibility of outsourcing these functions, and is to start negotiations on the terms and conditions of an outsourcing contract with various potential ship management companies. A separate announcement will be made on the transfer and the partner selected if it is decided to proceed.

If the decision is taken to proceed with outsourcing these functions, the intention is to transfer all land- and sea-based personnel employed in Neste Shipping’s ship management activities to the new partner. Neste Shipping’s ship management functions currently employ around 300 people at sea and 20 people on shore. The plan is to retain Neste Shipping’s chartering functions as part of the Neste Oil organization.

Neste Oil announced on 19 September that it is planning to exit the shipping business and reinforce its focus on its core business based on cleaner traffic solutions. Under the plan, the company would sell all its own vessels and source its marine transportation needs through contractual arrangements. As part of the announcement, Neste Shipping outlined its plan to transfer the ship management functions covering the crewing and maintenance of its vessels to a commercial ship management company that would take over the operations of the vessels remaining in Neste Oil usage using current personnel.

Source: Neste Oil Corporation

ISSUERS OF NEWS RELEASES AND NOT OILANDGASPRESS.COM ARE SOLELY RESPONSIBLE FOR THE ACCURACY OF THE CONTENT.
Public relations, press release distribution service, investor relations, SEC filing, regulatory news,upstream, downstream,corporate announcements,technology developments and political news
www.oilandgaspress.com – The ‘one stop shop’ for global Oil and gas press releases!!!

Email: info@oilandgaspress.com to let us know about your events and we’ll list them free of charge. Advertise your company’s services and reach thousands of oil and gas industry executives and professionals

Oil and Gas Press

#FOLLOW US ON INSTAGRAM