Ecopetrol and USO reach agreement on collective labor convention

Ecopetrol and the Unión Sindical Obrera signed a definitive agreement for the new collective labor convention after more than 990 meetings.

The agreement includes improvements in working conditions, health and education benefits, as well as strengthening diversity, equity and inclusion. It also covers social investment plans under criteria of reasonableness, austerity and efficiency.

The state-owned company additionally signed 66 definitive agreements with other union organizations. The new pact will be valid for six years starting January 1, 2026.

In the coming days the text will be deposited with the Ministry of Labor to begin a joint national socialization campaign.

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Ecopetrol's board will meet on March 30 to decide if Ricardo Roa remains CEO amid judicial probes and pressure from the USO union and President Gustavo Petro. Four of nine members backed his dismissal in Tuesday's meeting, with no decision reached. The oil workers' union USO threatens strike if he is not removed.

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