- Write by:
-
Thursday, July 12, 2018 - 3:19:12 PM
-
907 Visit
-
Print
Mining News - SANTIAGO – BHP Billiton handed in a proposal for a new labor contract to the union at its Escondida copper mine in Chile that includes a salary readjustment linked to inflation and a $23 000 bonus per worker, the company said on Wednesday.
The offer falls short of fulfilling some of the demands laid out by the union previously.
In its proposal in early June, the union asked for a bonus equal to 4% of profits in 2017, or up to almost about $40 000 per worker. It also demanded a 5% increase in salaries.
The company said that its offer, which hinges on the new contract being signed this month, also increases payment of a bonus for exceptional performance and benefits on education, health care and retirement.
"We hope our workers value the effort the company is making to deliver this offer, which is sustainable," said Patricio Vilaplana , vice president of corporate affairs at Escondida.
The union declined to provide immediate comment on what it thought of the proposal.
Labor talks at Escondida are in the final stretch before a 30-month contract expires at the end of July.
The closely watched talks come little more than one year after failure to reach a labor deal at the sprawling deposit led to a 44-day strike that jolted the global copper market.
Short Link:
https://www.miningnews.ir/En/News/211811
Mining News Pro - Precious metals that are heavily used in industrial production joined the massive selloff across ...
Mining News Pro - Market research firm Fitch Solutions recently published a company outlook for BHP Billiton, weighing ...
Mining News Pro - BHP, formerly BHP Billiton Limited, incorporated on August 13, 1885, is a global resources company. ...
Mining News Pro - BHP has settled a dispute with the Australian Taxation Office (ATO) regarding taxes that were ...
Mining News Pro - The "transfer pricing" dispute relates to the amount of tax BHP owed for selling its Australian ...
Mining News Pro - Primero Group has secured its first major contract on BHP Billiton Ltd’s South Flank iron ore project ...
Mining News Pro - Resolution Copper, a joint venture between giants Rio Tinto and BHP Billiton, demolished a 94-year-old ...
Mining News Pro - Lara Exploration (TSXV: LRA) and Capstone Mining Corp (TSE: CS) signed a Letter of Intent granting the ...
Mining News Pro - The world`s biggest miner BHP Billiton has trimmed its expectations of global growth for next year and ...
No comments have been posted yet ...