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Reach Subsea's Mediation With SAFE Ends Without Deal; Six Offshore Workers Strike

MT Newswires·10/19/2026 02:29:38
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02:29 AM EDT, 10/19/2026 (MT Newswires) -- Reach Subsea (REACH.OL) failed to reach a deal with trade union SAFE by the midnight Oct. 16 deadline following mediation, resulting in six offshore employees going on strike. The subsea services company said Monday that it is assessing the operational and financial implications of the industrial action and remains focused on maintaining safe and efficient operations across its projects. Reach Subsea added that it remains committed to constructive dialogue with SAFE and finding a mutually acceptable solution as soon as possible.