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.

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