Freeport-McMoRan: Experiencing Work Interruptions At Indonesia Unit
23 Februar 2012 - 9:51PM
Dow Jones News
Violence and intimidation by employees at Freeport-McMoRan
Copper & Gold Inc.'s (FCX) Indonesian unit has disrupted the
company's efforts to resume normal operations there after last
year's three-month strike, the company said.
A strike at Freeport's Grasberg copper and gold mine, one of the
world's largest, ended in December with an agreement for a pay
increase, paving the way for about 8,000 workers to gradually
return to the job. At least eight people were killed in violence
triggered by the strike.
"Certain of the returning workers have engaged in acts of
violence and intimidation against nonstriking workers and
supervisory personnel," Eric Kinneberg, a spokesman for the
Phoenix-based company, said in an emailed statement.
Freeport's Indonesian subsidiary "is complying with the terms of
the recent collective labor agreement with its union," Kinneberg
said. He added that the company was working with union and
government officials to resolve the issues with the returning
workers.
Freeport, the largest publicly traded copper mining company,
reported last month that its fourth-quarter earnings fell 59%,
largely because of production lost during the strike. The company
invoked contract terms allowing it to suspend shipments from
Grasberg in October.
-By Matt Day, Dow Jones Newswires; 212-416-4986;
matt.day@dowjones.com
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