USO starts mobilizations amid Ecopetrol contract talks

The Unión Sindical Obrera announced mobilization days starting May 20 to back negotiations for a new collective agreement with Ecopetrol. The actions aim to defend decent employment and labor stability.

The USO, led by Martín Ravelo, called on its subdirectives to hold informational rallies, sit-ins, permanent assemblies and turtle plans. These measures respond to the negotiation process covering direct workers and contractors.

The union noted that labor costs represent about 5% of Ecopetrol’s total operational expenses. It stated that payroll does not exceed the company’s cost structure and asked for talks to proceed with a perspective of rights progressivity.

Key focuses include defense of decent employment, conventional guarantees and protection of public assets and energy sovereignty. Ecopetrol reported 2.8 trillion pesos in profits for the first quarter of 2026.

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Dramatic illustration of Ecopetrol board deliberating CEO Ricardo Roa's fate amid union protests and probes.
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Ecopetrol board to decide Ricardo Roa's future on March 30

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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.

Ecopetrol shares closed at $2,685 on the BVC, their highest since October 2023, and the ADR hit US$14.62, a high not seen since June 2022. This comes amid the crisis over president Ricardo Roa's indictment for alleged influence peddling. The USO union demands his removal and threatens a strike.

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Ecopetrol shares dropped 4.96% to $2,680 on the Colombia Stock Exchange on March 24, as the board debates Ricardo Roa's future as president after his imputation for alleged influence peddling. The USO union threatened a national strike if he is not removed. Analysts criticize the timing amid high oil prices.

The Ministries of Mines and Energy and Agriculture presented a memorandum of understanding with Venezuela to create alliances aimed at stabilizing fertilizer prices.

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Ecopetrol will report on its operations, revenues, and EBITDA for the first quarter of 2026 on May 12 and 13. Interim president Juan Carlos Hurtado will present the figures instead of Ricardo Roa, who requested vacation and unpaid leave. The company projects declines in revenues and net profit compared to last year.

Leaders of France's five main unions held an unusual press conference on February 23 in Paris, two days before the final unemployment insurance negotiation session. They reaffirm their opposition to employers' demands for 1 billion euros in annual savings. This move aims to safeguard workers' rights against the employers' broadened proposals.

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Workers from the National Justice system occupied the Labor Justice headquarters in Buenos Aires on Tuesday to protest against the labor reform. The Union of Employees of the Nation's Justice (UEJN) announced a strike in rejection of the transfer of the labor jurisdiction to the Capital Federal's orbit. The event included participation from the CGT and opposition political figures.

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