Colombian coal miner Cerrejon make overhauled offer to union

Colombia's largest miner Cerrejon has presented a counter proposal to the primary Sintracarbon union as part of a last attempt to deal with an enduring conflict over pay as well as advantages.

In a settlement proposition worth more than 5.2 million Pesos ($1.6 million), the miner has used unionized workers new terms for salaries and also benefits, including a salary increase of 7.0%-- a minimal boost on the initial 6.77% used-- which had actually been in line with rising cost of living in Colombia in 2015.

Workers had at first been promoting a rise of 10.1%.

The miner-- which produces 32 million mt/year of thermal coal-- will certainly additionally pay a bonus offer of 3.6 million Pesos in case of no strike action, the firm stated in a declaration.

The company included Cerrejon will also progress the conventional quarterly reward to 50% of the labor force as well as will raise the variety of long-term contracts.

Larger education and health advantages for employees have actually likewise been described as part of Cerrejon's offer.

"The firm is making a great effort, given the important problems [in the coal market], to keep as well as increase substantially benefits for their employees. With this offer we want to settle on a new cumulative labor arrangement," it included.

Over a reported 95% of workers elected to strike March 4, but unions went back to the negotiating table throughout the 10-day period in which a strike have to begin after the ballot.

industrial water treatment chemicals from Cerrejon claimed there were now no restrictions on when employees can leave, but added that negotiations between the two parties would likely take the full 10 days, indicating production would certainly not be interfered with until March 14-15 at the earliest.

This latest proposal adheres to a 40-day period of straight settlements that fell short to solve the issues between both sides, which were mostly over incomes.

Yet, there has actually been no feedback from unions.

Europe-delivered thermal coal rates have already replied to the possibility of commercial activity, with a number of sources stating threat costs were now developed right into April and Might costs, making more increases in the event of strike activity much less most likely.

The last strike at Cerrejon resulted in a 32-day blackout at the mine. While several sources said a similar blackout would have a minimal effect on shipments into Europe, as there were many various other offers available in an environment of low demand, others felt that further cost spikes could be possible in the coming weeks.

Cerrejon is a joint venture in between Anglo American, BHP Billiton as well as Glencore as well as created 33.2 million mt in 2015.
23.03.2021 13:04:06

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