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On Friday, Goldcorp Inc. (TSX:G,NYSE:GG) announced a work stoppage at its Cerro Negro mine. It is being led by miners represented by the Asociacion Obrera Minera Argentina, Province of Santa Cruz delegation.
On Friday, Goldcorp Inc. (TSX:G,NYSE:GG) announced a work stoppage at its Cerro Negro mine. It is being led by miners represented by the Asociacion Obrera Minera Argentina, Province of Santa Cruz delegation.
As quoted in the press release:
A comprehensive contingency plan is in place during this shutdown of operations that will enable mining and processing to be restarted immediately following the return of the workforce. Our focus is on personnel safety, environmental protection and full permit compliance.
The work stoppage began on September 30, 2015. The Company is seeking support from theMinistry of Labour at the federal level to request a conciliation period of fifteen working days during which time the parties would expect to negotiate and work towards a resolution. Assuming the request is granted, the workers would be expected to resume work in short order while the parties meet.
Click here to read the full Goldcorp Inc. (TSX:G,NYSE:GG) press release.