Codelco's labor negotiations with trade unions will be extended to June 13

According to Bloomberg, (Codelco), the Chilean state copper company, and three unions at its Chuquicamata copper mine have asked for an extension of labor negotiations for another five days, which is expected to continue until June 13, Bloomberg reported.

Codelco failed to meet the demands of all unions in its previous proposal, failed to reach an agreement in the negotiations, and said it would continue to look for common interests.

Last week the three unions rejected the latest contract offer from Codelco and agreed to go on strike. The government then began to intervene. "related news-Codelco's Chuquicamata copper union workers may go on strike

The previous contract offered the company a one-time payment of 9.8 million pesos ($14100), an increase of 1.2 per cent in real wages. Codelco then raised the amount by 43 per cent to 14 million pesos, increased real wages by 1.2 per cent, and hoped workers would sign 27-month contracts.

But the current situation is that if the final round of mediation fails to bear fruit, the unions will go on strike.

(note: this article is translated from Bloomberg. If copyright issues are involved, please contact SMM and we will deal with them in a timely manner.)

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