Strike at Escondida: Workers Demand Share in Dividends

Workers at BHP's Escondida copper mine in Chile have announced a strike after failing to reach a deal with the company. The union, representing around 2,400 employees, demands 1% of dividends to be shared among workers. BHP, Rio Tinto, and JECO Corp. jointly own the mine.

Workers at BHP's Escondida copper mine in Chile are set to go on strike following unsuccessful negotiations with the company, a union source confirmed on Tuesday.

As workers at the world's largest copper mine demand a 1% share of dividends to be distributed equally among themselves, the union stands strong in representing approximately 2,400 employees.

BHP, a dominant player in the mining industry, holds a majority stake in Escondida, in collaboration with Rio Tinto and JECO Corp.

(With inputs from agencies.)