Freeport Indonesia, union reach tentative agreement in pay talks

Reuters

JAKARTA, Oct 16 (Reuters) - Freeport-McMoRan Copper & GoldInc and its Indonesian union workers have reached atentative agreement in pay talks for the 2013-2015 period, thecompany said in a statement on Wednesday.

The deadline for a deal between workers and management atFreeport's Grasberg mine in Papua, the world's second- biggestcopper mine, was supposed to be earlier this month, with oneunion warning it could order workers to strike.

"We welcome the outcome of these negotiations which has beenreached peacefully without having to go through a strike,"Freeport Indonesia Workers Union chairman Sudiro said.

Freeport Indonesia employs about 24,000 workers includingcontractors and staff. About three-quarters are union members.

Once all terms are agreed upon, the new labour agreementwill be retroactive to October 1, 2013. Freeport expects thenegotiating team to settle the remaining details before the endof October.

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