Well, here goes the price of copper again …
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.