SMM11, 19 March: Canadian miner Lundin confirmed on Friday that it would cut 106 jobs at the Candelaria copper mine in Chile in order to "improve competitiveness and productivity." There are reports that workers have been on strike for 48 hours. In a statement to Reuters, the company said layoffs accounted for less than 2% of the company's workforce, including other employees who voluntarily retired early. ", Lundin Mining's mining complex at Candelaria has created more than 1000 staff and contractor jobs since it was acquired in 2014 and continues to make significant investments to improve operational efficiency," the company said. " "at present, about 5900 people are working at the scene." Lunding has operations in Chile, Portugal, Sweden and the United States. In an interview with Reuters in September, the incoming chief executive said the company was looking for copper mines and projects and was willing to invest up to $3 billion in mergers and acquisitions. In 2014, Freeport McMoran acquired Freeport-McMoRan 's stake in Candelaria for $1.85 billion, the company's last major acquisition. As of September, the mine had produced 77800 tons of copper.
Candelaria union leader Nelson Araya (Nelson Araya) told Chile's cooperative radio station (Radio Cooperativa) that the union will cut 40 jobs and workers will go on strike for 48 hours from Friday.
He criticised the company's poor way of communicating, adding: "the situation is much more complicated from the point of view of the price of copper, the business itself and the management of the company, as well as the fact that workers through trade unions have always kept the channels of communication open".
(note: if copyright issues are involved, please contact SMM and we will deal with them in a timely manner.)