Escondida Strike Continues, Codelco Union Agreements Set to Expire Amid Negotiations
The Escondida strike has entered its 13th day, and Codelco’s union agreements will expire on a concentrated basis starting August 5. Since the strike erupted on July 15, involving 2,400 workers, the union has insisted on a signing bonus of 30 million pesos (the company offered 27 million). The strike has already led to output losses of 20,000-40,000 mt (BHP and the union are restarting negotiations). Starting August, contracts for Los Bronces, the Escondida No. 2 supervisory union, and five of Codelco’s main mines will also expire on a concentrated basis.