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.
UNPRECEDENTED PACE: Micron Technology has announced plans to expand manufacturing capabilities with the acquisition of a new chip plant in Miaoli Micron Technology Inc unveiled a newly acquired chip plant in Miaoli County yesterday, as the company expands capacity to meet growing demand for advanced DRAM chips, including high-bandwidth memory chips amid the artificial intelligence boom. The plant in Miaoli County’s Tongluo Township (銅鑼), which Micron acquired from Powerchip Semiconductor Manufacturing Corp (力積電) for US$1.8 billion, is expected to make a sizeable capacity contribution to the company from fiscal 2028, the company said in a statement. It would be an extended production site of Micron’s large-scale manufacturing hub in Taichung, the company said. As the global semiconductor industry is racing to reach US$1 trillion
Singapore-based ride-hailing and delivery giant Grab Holdings Ltd has applied for regulatory approval to acquire the Taiwan operations of Germany-based Delivery Hero SE's Foodpanda in a deal valued at about US$600 million. Grab submitted the filing to the Fair Trade Commission on Friday last week, with the transaction subject to regulatory review and approval, the company said in a statement yesterday. Its independent governance structure would help foster a healthy and competitive market in Taiwan if the deal is approved, Grab said. Grab, which is listed on the NASDAQ, said in the filing that US-based Uber Technologies Inc holds about 13 percent of
Taiwan’s food delivery market could undergo a major shift if Singapore-based Grab Holdings Ltd completes its planned acquisition of Delivery Hero SE’s Foodpanda business in Taiwan, industry experts said. Grab on Monday last week announced it would acquire Foodpanda’s Taiwan operations for US$600 million. The deal is expected to be finalized in the second half of this year, with Grab aiming to complete user migration to its platform by the first half of next year. A duopoly between Uber Eats and Foodpanda dominates Taiwan’s delivery market, a structure that has remained intact since the Fair Trade Commission (FTC) blocked Uber Technologies Inc’s
Memory chip stocks extended their losses yesterday after Alphabet Inc’s Google publicized research that could allow more efficient use of the storage needed for artificial intelligence (AI) development. SK Hynix Inc and Samsung Electronics Co, South Korean leaders in the market, fell more than 6 percent and about 5 percent respectively in Seoul. In the US, Micron Technology Inc, Western Digital Corp and Sandisk Corp slid more than 2 percent in pre-market trading, after they all closed lower on Wednesday. Memory companies have been on a tear in recent months as the rapid development of AI infrastructure triggered a spike in chip