The strike lasted a few days, work resumes today as a gesture of goodwill to the Emir of Kuwait. From what I understood, negotiations will resume after employees start work again. However, it is very likely that there will be no benefit or pay cuts. I’m guessing price of oil will drop again, since Kuwait will be producing more barrels per day.
If you aren’t in the loop, people working for KPC/KOC aren’t happy with the benefit and price cuts due to the oil price drastically going down. A big portion of staff will be on strike starting from today until they reach an agreement with management. I’m guessing this will be one of the most costly strikes Kuwait will witness.
I asked both my cousins that work for KPC if they will take part in the strike and both of them said they won’t, however, a lot will, especially high positions. The company has already taken measures to send national guards to the oil units to try to match supply with demand.
Here’s a pretty short but informative quick documentary about Kuwait’s history, you’d be surprised how much you didn’t know. At one point most of Kuwait’s population was wiped out. The documentary focuses on Kuwait’s resilience and how they managed to prosper after every crisis. I really do hope there’s an alternative to oil.