Do More With Reuters
Partner Services

Peru unions say ready for nationwide mining strike

Tue May 6, 2008 11:22pm IST
 
Email | Print | | Single Page
[-] Text [+]

LIMA, May 6 (Reuters) - Unions at mines throughout Peru are ready to strike next week to demand better labor benefits, the head of the country's biggest federation of mining unions and local union bosses said on Tuesday.

"We have 33 unions supporting us," said Luis Castillo, the federation's leader. "We will go on nationwide strike on May 12 no matter what."

Peru is the world's leading silver producer, ranks second in copper and zinc, and fifth in gold, according to government data.

Castillo has said the federation has formally filed documents advising the government about the strike.

Unions expected to strike include those at Southern Copper (SPC.LM: Quote, Profile, Research) (PCU.N: Quote, Profile, Research), Antamina, Doe Run Peru, Shougang Hierro Peru (SHP.LM: Quote, Profile, Research), Atacocha (ATA.LM: Quote, Profile, Research), and Milpo (MIL.LM: Quote, Profile, Research), among others.

Unions at the Tintaya and Cerro Verde (CVE.LM: Quote, Profile, Research) are set to meet later on Tuesday to decide about supporting the walkout.

Twice last year unions went on nationwide strikes, which partially cut output at some mines and pressured international metals prices.

The strike next week, like the previous ones, would aim to pressure the government to would lift caps on profits that mining companies share with workers.

They also want the government to change rules for early retirement, to clamp down on outsourcing by companies, and to give workers the right to enroll in state-run pension funds.

Unions also want work days changed to eight hours a day, instead of 12 hours a day. (Reporting by Teresa Cespedes, Translating by Terry Wade, Editing by Marguerita Choy)

Russian Finance Minister Alexey Kudrin poses with his G20 colleagues and central bank leaders during the family photo at the G20 Finance Ministers meeting at a hotel in St. Andrews, Scotland. REUTERS/POOL New
Pledge to support economies

G20 financial leaders pledged to prepare strategies to end emergency support for their economies, but to keep the aid flowing until recovery was assured.  Full Article | Related Story 

Market Update

  • IndiaIndia
  • USUS
  • UKUK
  • Asia
  • Most Actives

SHOWCASE

Sanjay Sinha
Balancing Act

In India, it is a tough choice between growth, managing inflation and financial stability.  Full Article 

 
Nipun Mehta
Road to Recovery

There needs to be an acceptable balance created between education and healthcare and infrastructure spend, says Nipun Mehta of SG Private Banking.   Full Article 

 
Robot Asimo

Snapshots of Honda Motor's humanoid robot Asimo  Slideshow 

 
Marketing Strategy
Marketing Strategy

Companies are now using direct marketing methods to sell their products.  Full Article 

 
Exit Plans
Exit Plans

Factbox - Stimulus exit plans for Asia-Pacific's big 5 economies  Full Article