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Exclusive: Freeport Indonesia Union to Sign Deal to End Strike
December 13, 2011

Freeport workers and tribesmen during the strike at the giant mine in Timika, Papua. (Antara Photo/File)
Freeport workers and tribesmen during the strike at the giant mine in Timika, Papua. (Antara Photo/File)
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DrDez
11:58am Dec 13, 2011

Just to put a 40% rise into context that is approx 9% rise over and above the govt min wage rise of 16% and 15% imposed in the last 2 years which is escalated by many overseas companies

Good result for FP


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Freeport McMoRan Copper & Gold Inc and its Indonesian workers union expect to sign a pay deal on Tuesday to end a three-month strike that has crippled production at the world’s second biggest copper mine, two sources say.

The two sides have agreed to a pay rise of 40 percent over two years to end Indonesia’s longest-running industrial dispute, and will sign the agreement in Jakarta, said the sources, who declined to be identified because the deal was not public.

Freeport did not immediately respond to Reuters queries seeking comment. It was not clear when the U.S. miner would be able to resume production or end a force majeure on exports.

Reuters