Venezuela
News

Venezuelan state steelmaker Sidor deal with workers ends 10-day strike

Bnamericas Published: Monday, September 30, 2013
Venezuelan state steelmaker Sidor reached an agreement with workers over the weekend to put an end to a 10-day strike which cost the firm a total US$294mn in unproduced steel, according to local news reports. Sidor agreed to compensate workers for the miscalculation of bonus payments since 2008, the principal cause of the strike. The firm will pay 150,000 bolívares (US$23,856) to fixed-shift workers and 200,000 bolívares to those with rotating shifts, to be paid in five installments. Total payouts will amount to 2.53bn bolívares for the 14,500 workers employed at the plant, the biggest steel producing facility in Latin America, according to the reports.

Subscribe to the most trusted business intelligence platform in Latin America. Let us show you our solutions for Suppliers, Contractors, Operators, Government, Legal, Financial and Insurance.

Subscribe to Latin America’s most trusted business intelligence platform.

Other projects in: Mining & Metals

Get critical information about thousands of Mining & Metals projects in Latin America: what stages they're in, capex, related companies, contacts and more.

  • Project: Alacrán
  • Current stage: Blurred
  • Updated: 3 weeks ago
  • Project: Cotabambas
  • Current stage: Blurred
  • Updated: 3 weeks ago
  • Project: Oso Negro
  • Current stage: Blurred
  • Updated: 3 weeks ago
  • Project: Romeral V
  • Current stage: Blurred
  • Updated: 3 weeks ago
  • Project: Porvenir
  • Current stage: Blurred
  • Updated: 3 weeks ago
  • Project: Los Pumas
  • Current stage: Blurred
  • Updated: 1 month ago

Other companies in: Mining & Metals

Get critical information about thousands of Mining & Metals companies in Latin America: their projects, contacts, shareholders, related news and more.

  • Company: FLSmidth Perú
  • FLSmidth S.A.C. (FLSmidth Peru) is a subsidiary of FLSmidth & Co. A/S, the Danish supplier of equipment and services for the global cement and minerals industry. Headquartered i...
  • Company: CleanTech Lithium Ltd.  (CTL)
  • CleanTech Lithium Ltd, formerly Chilean Lithium Salars Spa, is a lithium producer with three strategic projects in Chile, all located in the Atacama Region. Currently, CTL is fo...
  • Company: IAMGOLD Corp.  (Iamgold)
  • Canada's IAMGOLD Corp is a mid-tier gold company with mining operations in Canada, Suriname, Burkino Faso and Mali. In Suriname IAMGOLD holds 95% of the Rosebel gold mine in the...
  • Company: FLSmidth Brasil
  • FLSmidth Ltda (FLSmidth Brasil) is the Brazilian subsidiary of FL midth & Co, the Danish supplier of equipment and services to the global cement and minerals industries. Headqua...
  • Company: Worley Ltd.  (Worley)
  • Australia's Worley is an engineering, procurement and construction company that provides services for the upstream, midstream, chemicals, power, and mining and minerals sectors....
  • Company: Skava Consulting S.A.  (Skava Consulting)
  • Skava Consulting is a Chilean engineering firm which provides services to the infrastructure and mining sectors with a focus on subterranean works. Among the services offered by...