Train drivers at BHP Group's Australian iron-ore operations have recently voted in favor of strike action, according to the Mining and Energy Union. The dispute arises from concerns over pay and conditions, and workers have expressed their support for work stoppages, speed reductions, and a range of work bans.
Negotiations between the union and BHP have been ongoing for nearly two years, with the union representing the interests of approximately 500 drivers operating trains that transport the steel ingredient from BHP's mines to Port Hedland for further shipment to steelmakers in Asia.
Key issues raised by the drivers include the need for guaranteed annual pay increases, as well as consistent standards in training, roster changes, and other areas.
MEU Western Australian Secretary Greg Busson emphasized that while the union is committed to reaching a fair agreement with BHP, they will not hesitate to take action if workers' concerns are not adequately addressed.
Although the exact date of industrial action has not been finalized, the union has communicated to BHP that they will not initiate any disruptions until at least November 10, following a written notice period of four business days.
Despite the impending strike action, both parties remain hopeful that a resolution can be reached through further discussions scheduled for this week. BHP has expressed its belief that reaching a mutually beneficial agreement is not only in the best interest of the workers but will also contribute to maintaining a harmonious work environment.
It is worth noting that BHP is the world's third-largest producer of iron ore and that the commodity accounted for 59% of its underlying earnings before interest, taxes, depreciation, and amortization in the past fiscal year.
Our Latest News
A concerning new strain of Covid-19, known as Eris, is spreading globally. Learn about its impact, updated vaccines, and the changing distribution process.
Former President Donald Trump expresses disappointment with Israeli Prime Minister Benjamin Netanyahu over the 2020 drone strike that killed Qassem Soleimani.
Consumer-staples and utilities sectors struggle while tech sectors experience gains, highlighting the complexities of today's market environment.