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[BUSINESS] · Chile · 15 sources

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Escondida mine workers avoid strike with BHP agreement

Supervisors and staff at the Escondida copper mine in Chile have approved a new collective bargaining agreement with BHP, successfully averting a planned strike at the world's largest copper mine. The agreement, ratified by 64% of the Sindicato N°2 de Supervisores y Staff, will remain in effect for 36 months.

The new contract includes significant economic improvements, such as a negotiation completion bonus of approximately 28 million Chilean pesos (which includes a 3 million peso soft loan), a 1.5 million peso vacation bonus, and a monthly transportation allowance of 350,000 pesos. Additionally, the agreement introduces maternity benefits, including 100% coverage for egg cryopreservation and improved postpartum reintegration conditions.

The resolution follows a period of intense tension and mandatory government mediation. Prior to the final agreement, the union had threatened to strike after rejecting previous offers, citing a lack of essential salary increases and production bonuses. The avoidance of a strike is considered significant for the global copper market, as Escondida is a critical supplier of the metal.

Entities

Alexis Barrera · Antofagasta · BHP · Chile · Codelco · Escondida · Minera Escondida · Sindicato N°2 de Supervisores y Staff

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