APSN Banner

Inco strike ends, nickel price seen normal

Source
Jakarta Post - November 26, 2007

Hundreds of workers of the country's largest nickel producer, PT Inco, in Soroako, South Sulawesi, ended their 11-day strike Sunday afternoon.

The strike ended following a series of bipartite negotiations between the management and workers at the mine site. Inco spokesman Jannus Siahaan told The Jakarta Post workers agreed to resume work Monday after the management agreed to fulfill their demands to provide production bonuses every quarter in 2008, give promotion priority to local workers and increase scholarship for workers' children to Rp 2.5 billion (US$266,000) annually from the current Rp 690 million.

Inco vice president Michael Winship said the management hoped workers would increase productivity to make up for the 5 million pounds of nickel lost during the strike. He said the company would pay 12 percent in production bonuses each quarter if the production target was reached and the nickel price recovered to US$13 per pound.

Country