Codelco Union Threatens Protests Over Bonus Clawbacks for 1,300 Workers

1 articles · Updated · Bloomberg · May 25

Sindicato Chuquicamata, which represents about 1,300 Codelco workers, said it will resist any demand to repay bonuses linked to last year’s production targets and is prepared to protest.
Union president Hernán Guerrero said the threat comes as fallout widens from Codelco’s overstatement of copper output, which has raised the prospect that incentive payments could be reclaimed.
The dispute adds labor pressure for Chile’s state miner as it deals with the consequences of misstated production figures and the risk of a broader confrontation over pay and accountability.

How will a bonus clawback at scandal-hit Codelco impact global copper supply as a powerful union threatens to strike?

With Codelco's credibility shattered, can Chile's new government reform the state miner before its deep operational failures worsen?