Chilean state-owned copper company reaches salary agreement with Radomiro Tomic copper mining union

Published: Dec 11, 2020 08:52

Source: Mandarin Finance and Economics

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[Chilean state-owned copper company reaches salary agreement with Radomiro Tomic copper union] Chilean state-owned copper company (Codelco), the world's largest copper miner, said on Thursday that it had reached a preliminary salary agreement with a union at Radomiro Tomic. The 36-month agreement does not affect wages, but includes a final bonus equivalent to about $4800 per worker.

SMM: Chilean state-owned copper company (Codelco), the world's largest copper miner, said on Thursday that it had reached a preliminary salary agreement with a trade union at Radomiro Tomic.

The 36-month agreement does not affect wages, but includes a final bonus equivalent to about $4800 per worker.

"the agreement also establishes a variable incentive mechanism to meet output and cost targets," the company said in a statement. "

Chile's state-owned copper company basically maintained production during the novel coronavirus outbreak by laying off staff, adjusting its schedule and shelving projects temporarily during the peak of the epidemic.

Copper Radomiro Chile mining

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