Saturday, August 05, 2006
World's largest copper mine faces strike threat - Yahoo! News
Well, here goes the price of copper again ...
Yahoo! News
Workers at the world's biggest copper mine in Chile threatened to go on strike next week after the collapse of salary negotiations.
The work stoppage [...] will start Monday if management fails to make a new offer to the miners, said the union representing 2,000 workers.
In its last offer Wednesday, the company proposed a three percent salary increase and a 15,000 dollar bonus to each miner, but the union rejected it as an "insult."
The miners are asking for a 13-percent salary increase and a 30,000 dollar bonus, as the price of copper has nearly quadrupled over the last three years.
Mina Escondida produces eight percent of the world's copper.
Yahoo! News
Workers at the world's biggest copper mine in Chile threatened to go on strike next week after the collapse of salary negotiations.
The work stoppage [...] will start Monday if management fails to make a new offer to the miners, said the union representing 2,000 workers.
In its last offer Wednesday, the company proposed a three percent salary increase and a 15,000 dollar bonus to each miner, but the union rejected it as an "insult."
The miners are asking for a 13-percent salary increase and a 30,000 dollar bonus, as the price of copper has nearly quadrupled over the last three years.
Mina Escondida produces eight percent of the world's copper.
Labels: Copper
