Business
Renegotiations of Collective Bargaining Agreement with Unión Sindical Obrera
Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) ("Ecopetrol" or the "Company") communicates that on Friday, December 19, 2025, the Unión Sindical Obrera ("USO") started the early collective bargaining process with the Company.
About this update from Ecopetrol Sa
[{"type":"text","content":"BOGOTA, Colombia, Dec. 29, 2025 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) ("Ecopetrol" or the "Company") communicates that on Friday, December 19, 2025, the Unión Sindical Obrera ("USO") started the early collective bargaining process with the Company.","length":298,"tagName":"p"},{"type":"image","alt":"(PRNewsfoto/Ecopetrol S.A.)","displaySize":"","headline":null,"caption":"(PRNewsfoto/Ecopetrol S.A.)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":141,"url":"https://media.zenfs.com/en/prnewswire.com/e8cafca3c864cd1d6b9d7e5819c8e320"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/ntYhuyKX4q5Z0wbsUa4tqg--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTI0OTtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/e8cafca3c864cd1d6b9d7e5819c8e320","width":400,"height":141}},"href":"https://mma.prnewswire.com/media/2321203/ecopetrol_s_a__logo_Logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"As prescribed by Articles 478 and 479 of the Colombian Labor Code, the early collective bargaining process started with the filing of a complaint with the Ministry of Labor, against the Collective Bargaining Agreement executed between the Company and USO, and with effectiveness from January 1, 2023 to December 31, 2025 (the "Collective Bargaining Agreement"). The complaint was filed within the legal term of 60 days prior to the expiration of the Collective Bargaining Agreement.","length":492,"tagName":"p"},{"type":"text","content":"Pursuant to Article 479 of the Colombian Labor Code, Ecopetrol must await certain administrative steps to be carried by the Ministry of Labor. Thereafter, the USO is expected to present a list of requests which would guide the negotiations between the parties.","length":260,"tagName":"p"},{"type":"text","content":"To the extent necessary, Ecopetrol will continue to provide updates on this process in accordance with applicable regulations.","length":126,"tagName":"p"},{"type":"text","content":"-------------------------------------","length":37,"tagName":"p"},{"type":"text","content":"Ecopetrol is the largest company in Colombia and one of the main integrated energy companies in the American continent, with more than 19,000 employees. In Colombia, it is responsible for more than 60% of the hydrocarbon production of...