Three unions from state mining enterprise CODELCO, the largest producer of copper in the world, are on strike after rejecting a new labor agreement, a union leader said on Tuesday.
The Suplant union began a strike on Tuesday at the Andina mining division to join two other unions that started industrial action last week. It comes just days after Anglo-Australian mining giant BHP reached a deal with workers at the world’s biggest copper mine, Escondida, also in Chile, to avoid strike action there.
The Andina unions have rejected a new labor agreement that would remove health benefits for new employees, as well as compensation related to years of service.
Photo: Reuters
“Suplant is declaring a strike because CODELCO’s executives want to reduce labor costs by removing health and taking away the rights to compensation for years of service, and we won’t allow it,” Suplant president Clodomiro Vasquez said.
The Andina division comprises the underground Rio Blanco mine and the open air Sur Sur mine, which together produced more than 184,000 tonnes of copper last year.
The three striking unions represent 1,300 of the 1,437 Andina workers.
The other two unions — the Industrial Union of Labor Integration and the Unified Union of Workers — released a statement saying “there has been a tremendous effort during the pandemic” and that they worked “under extreme cold and heat, exposed to physical and chemical risks ... mental burden and overwork.”
CODELCO, which produces 8 percent of the world’s copper, said the offer “represents the company’s maximum effort.”
While much of Chile was put under lockdown at times during the COVID-19 pandemic, the vital mining industry was always kept operational.
Chile is the world’s largest copper producer with 5.6 million tonnes a year, which makes up 28 percent of global output, much of which is sold to China, the world’s biggest consumer. Mining makes up 10 to 15 percent of its GDP and half of its exports.
The Eurovision Song Contest has seen a surge in punter interest at the bookmakers, becoming a major betting event, experts said ahead of last night’s giant glamfest in Basel. “Eurovision has quietly become one of the biggest betting events of the year,” said Tomi Huttunen, senior manager of the Online Computer Finland (OCS) betting and casino platform. Betting sites have long been used to gauge which way voters might be leaning ahead of the world’s biggest televised live music event. However, bookmakers highlight a huge increase in engagement in recent years — and this year in particular. “We’ve already passed 2023’s total activity and
Nvidia Corp CEO Jensen Huang (黃仁勳) today announced that his company has selected "Beitou Shilin" in Taipei for its new Taiwan office, called Nvidia Constellation, putting an end to months of speculation. Industry sources have said that the tech giant has been eyeing the Beitou Shilin Science Park as the site of its new overseas headquarters, and speculated that the new headquarters would be built on two plots of land designated as "T17" and "T18," which span 3.89 hectares in the park. "I think it's time for us to reveal one of the largest products we've ever built," Huang said near the
BIG BUCKS: Chairman Wei is expected to receive NT$34.12 million on a proposed NT$5 cash dividend plan, while the National Development Fund would get NT$8.27 billion Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), the world’s largest contract chipmaker, yesterday announced that its board of directors approved US$15.25 billion in capital appropriations for long-term expansion to meet growing demand. The funds are to be used for installing advanced technology and packaging capacity, expanding mature and specialty technology, and constructing fabs with facility systems, TSMC said in a statement. The board also approved a proposal to distribute a NT$5 cash dividend per share, based on first-quarter earnings per share of NT$13.94, it said. That surpasses the NT$4.50 dividend for the fourth quarter of last year. TSMC has said that while it is eager
China yesterday announced anti-dumping duties as high as 74.9 percent on imports of polyoxymethylene (POM) copolymers, a type of engineering plastic, from Taiwan, the US, the EU and Japan. The Chinese Ministry of Commerce’s findings conclude a probe launched in May last year, shortly after the US sharply increased tariffs on Chinese electric vehicles, computer chips and other imports. POM copolymers can partially replace metals such as copper and zinc, and have various applications, including in auto parts, electronics and medical equipment, the Chinese ministry has said. In January, it said initial investigations had determined that dumping was taking place, and implemented preliminary