Strike To End At Freeport

From Reuters:

Freeport McMoRan Copper & Gold Inc and its Indonesian workers’ union expect to sign a pay deal soon, ending a 3-month strike that has crippled production at the world’s second biggest copper mine, union officials told Reuters on Tuesday.

The strike has been the highest profile stoppage among a slew of worker pay protests in Indonesia – signs of growing unrest over rising costs and a sense that the country’s economic success is not being shared by all.

The two sides have agreed to a pay rise of 37 percent over two years to end Indonesia’s longest-running industrial dispute, including a 24 percent rise in the first year, said Juli Parorrongan, spokesman of the Freeport Indonesia union.

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