Escondida improves its offer and includes a $ 18 million bonus

Escondida announced this afternoon the counter-offer presented to the workers of Union No. 1 of the book, with a view to closing the collective bargaining process that has already been two months of talks.

The world's largest copper mine proposal includes a $ 18 million cash bond, which will be paid within ten days of signing the collective agreement, in the event that it is approved by the workers.

This benefit is broken down into a B of a negotiation duration of $ 11,500,000 associated with the extension of benefits, the renewal of the exceptional day for three years, to the Isapre tender offers, to update operational practices and Incentive Outstanding Results (BRE).

To this is added a bonus for signing the $ 2,000,000 contract; another "Compensation" for the duration of the Habitacional Plan hapor $ 1,500,000; and finally a $ 3,000,000 interest-free loan

The "latest offer" of the BHP-controlled mine includes more benefits. Of course, because the readjustment of the CPI on a semi-annual or annual basis depending on the type of benefit – not included in the current collective agreement since December 2016 due to the application of the IPC. Article 369 – adds to a basic salary increase of 1.5%.

In addition, there are improvements in the areas of health and education.

"The proposal represents the effort of the company to reach an agreement that satisfies the workers and their families, who will continue to have the best collective private mining contract in the world. Chile through maintaining the existing ones benefits, improving some of them, reincorporation of readjustments and excellent closing conditions, "said the company.

There It should be noted that on July 13, the union described as "unacceptable" the bargaining premium of $ 13.5 million for each of the 2,500 workers in the group.