BOGOTA, Sept 18 Workers at Colombia's Fenoco
railway have reached an agreement with the company for a pay
increase of 4.5 percent on average and improved benefits, after
20 days of negotiations, the Sintraime workers union told
Reuters on Wednesday.
Fenoco transports about half of Colombia's coal exports to
the seaports. The company's main shareholders and users are
Goldman Sachs, Glencore Xstrata Plc and
U.S.-based Drummond International, each of whom manages their
own rolling stock.
"Negotiations were difficult but we have reached an
agreement," said Felix Herrera, president of Sintraime, which
represents workers in the mining, metallurgy and rail sectors.
He said the agreement was "in the process of being signed."
A Fenoco representative confirmed a deal had been reached.