Miners voted Friday to end a two-week long strike at the world\'s largest copper mine, La Escondida in northern Chile, approving an agreement struck by their union and management.Escondida employees accepted a management offer of a special production bonus for 2010, a year in which the mine had record earnings, a spokesman for the mine\'s largest union said. \"The strike is going to be lifted,\" said union spokesman Marcelo Tapia.He said workers were expected to be back on the job on Friday once union and management representatives signed a formal agreement.The company, controlled by Anglo-Australian mining giant BHP Billiton, issued a statement saying \"operations have gradually resumed, after workers ended the illegal paralysis of operations.\"The strikers accepted a 2.6 million peso (about $5,800) bonus, about half what they were initially demanding.Escondida reported 4.3 billion dollars in earnings in 2010, a 35 percent increase over the previous year.The mine produces about seven percent of the world supply of copper. Chile accounts for a third of the world\'s production of the metal, which has soared in price along with other commodities.
GMT 09:51 2018 Tuesday ,23 January
French court throws out tax fraud case against JP MorganGMT 15:23 2018 Wednesday ,17 January
EU parliament calls for ban on electric pulse fishingGMT 05:55 2018 Saturday ,13 January
Greece strikes cause transport chaos, healthcare delaysGMT 09:36 2018 Friday ,12 January
Time over money? German union champions 28-hour work weekGMT 09:31 2018 Tuesday ,09 January
German metalworkers start strikes for 28-hour weekGMT 10:24 2018 Friday ,05 January
Lithuanian doctors rally for pay rise to halt exodusGMT 07:14 2017 Saturday ,30 December
German union steps up fight for 'modern' 28-hour weekGMT 06:51 2017 Friday ,29 December
Watchdog slams Lufthansa over 'algorithm' price hikesMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor