The Indonesian subsidiary of US mining giant McMoRan said yesterday it had resumed operations after a two-week suspension caused by fighting among workers.
Work was halted last month after employees complained that a deal struck in December last year — which ended a three-month strike over wages and conditions — was not being implemented properly by management, with some strikers not being paid.
The company closed the mine, saying some workers who participated in the strike had “engaged in acts of violence and intimidation against non--striking workers and supervisory personnel.”
Photo: AFP
Three workers were arrested by police over the violence.
However, yesterday Freeport Indonesia spokesman Ramdani Sirait said: “The workers’ union and the company management agreed last week to mobilize all workers to return to work today.”
hope
“Hopefully everything will go back to normal again,” he added.
Freeport did not give details on what led to the latest agreement, but workers’ union spokesman Virgo Solossa said: “Freeport has promised to give salary to those who had not received their pay.”
However, Solossa defended the workers, saying: “Those who did not receive their salary were upset and took it out on their colleagues who received their pay.”
“We also want the three workers to be released as I am afraid that if they are prosecuted, it could lead to another protest,” he said.
negotiated return
The workers agreed to return to the mine in mid-December after negotiating a 37 percent increase in their wages, which started at US$1.50 an hour for union members and better conditions for contractors.
The company slashed production by 50 percent when 8,000 of Freeport’s 23,000 workers went on strike last year.
The strike at the mine triggered a spate of violence, with at least eight people killed in ambush attacks and clashes with police in the already troubled province.
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) last week recorded an increase in the number of shareholders to the highest in almost eight months, despite its share price falling 3.38 percent from the previous week, Taiwan Stock Exchange data released on Saturday showed. As of Friday, TSMC had 1.88 million shareholders, the most since the week of April 25 and an increase of 31,870 from the previous week, the data showed. The number of shareholders jumped despite a drop of NT$50 (US$1.59), or 3.38 percent, in TSMC’s share price from a week earlier to NT$1,430, as investors took profits from their earlier gains
In a high-security Shenzhen laboratory, Chinese scientists have built what Washington has spent years trying to prevent: a prototype of a machine capable of producing the cutting-edge semiconductor chips that power artificial intelligence (AI), smartphones and weapons central to Western military dominance, Reuters has learned. Completed early this year and undergoing testing, the prototype fills nearly an entire factory floor. It was built by a team of former engineers from Dutch semiconductor giant ASML who reverse-engineered the company’s extreme ultraviolet lithography (EUV) machines, according to two people with knowledge of the project. EUV machines sit at the heart of a technological Cold
Taiwan’s long-term economic competitiveness will hinge not only on national champions like Taiwan Semiconductor Manufacturing Co. (TSMC, 台積電) but also on the widespread adoption of artificial intelligence (AI) and other emerging technologies, a US-based scholar has said. At a lecture in Taipei on Tuesday, Jeffrey Ding, assistant professor of political science at the George Washington University and author of "Technology and the Rise of Great Powers," argued that historical experience shows that general-purpose technologies (GPTs) — such as electricity, computers and now AI — shape long-term economic advantages through their diffusion across the broader economy. "What really matters is not who pioneers
TAIWAN VALUE CHAIN: Foxtron is to fully own Luxgen following the transaction and it plans to launch a new electric model, the Foxtron Bria, in Taiwan next year Yulon Motor Co (裕隆汽車) yesterday said that its board of directors approved the disposal of its electric vehicle (EV) unit, Luxgen Motor Co (納智捷汽車), to Foxtron Vehicle Technologies Co (鴻華先進) for NT$787.6 million (US$24.98 million). Foxtron, a half-half joint venture between Yulon affiliate Hua-Chuang Automobile Information Technical Center Co (華創車電) and Hon Hai Precision Industry Co (鴻海精密), expects to wrap up the deal in the first quarter of next year. Foxtron would fully own Luxgen following the transaction, including five car distributing companies, outlets and all employees. The deal is subject to the approval of the Fair Trade Commission, Foxtron said. “Foxtron will be