Freeport Workers Back To Work

While there have been few details to emerge regarding negotiations, it has been reported that a deal was reached that would soon send the Freeport workers back to work.  It is important to note that company has yet to negotiate pay and benefits with the union, but has agreed to re-open negotiations on July 20th.

This from the BBC:

Indonesian unions have reached a deal with bosses of US-owned firm Freeport to end a strike at one of the world’s biggest copper mines, reports say.  Thousands of workers, who are paid on average $1.50 (£0.94) an hour, walked out a week ago demanding better wages.

Unions say the strike paralysed operations at Papua province’s Grasberg facility, where gold is also mined.  The firm had played down the impact of the strike, saying it had stockpiled enough material to fulfil its orders.

Union negotiators said their workers would return to the mine on Wednesday.  “We agreed because the management have agreed to all of the union’s demands,” union official Virgo Solossa told Reuters.

Sinta Sirait, vice-president of the firm’s Indonesian arm, told the Associated Press that the strike would end on Wednesday, and that Freeport and the union would open talks for a new contract on 20 July.

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