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Freeport-McMoRan Copper & Gold Inc's Indonesia Union Reaches Tentative Deal On Wages-Reuters

Wednesday, 2 Oct 2013 06:39am EDT 

Reuters reported that Freeport-McMoRan Copper & Gold Inc reached a tentative agreement with Indonesian union workers on October 02, 2013 over wages and pensions, a union official said, raising hopes that a strike will be averted with just two days left of talks. Contract talks between workers and management at Freeport's Grasberg mine in Papua, have entered their fourth month and are scheduled to end on October 04, 2013 with or without a deal. Freeport's Indonesian unit could not be reached immediately for comment on October 02, 2013. The negotiations, which are seeking agreement on workers' wages, benefits, rights, obligations and pensions, were suspended in May when a tunnel collapse killed 28 people, and then resumed in June. 

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