Oil traders halt work in protest over hours limitations in London

Independent
oil traders on the International Petroleum Exchange (IPE) boycotted trade in
London yesterday in protest at proposals to reduce their working hours.

According
to a report in the Financial Times, the protest came after IPE management
proposed a cut in ‘pit’ opening hours in an attempt to stimulate electronic
trading.

Sign up to our weekly round-up of HR news and guidance

Receive the Personnel Today Direct e-newsletter every Wednesday

Email(Required)

OptOut

From time to time, we will send you emails about selected products, events and services from Personnel Today and OHW+ - but you can choose to opt-out at any time. If you do not wish to receive these emails, please tick this box.

Phone

This field is for validation purposes and should be left unchanged.

Δ

Traders
say they provide an important role and their livelihoods would be affected if
the pit was shut.

By Mike Berry