Mozambique Mining: Vale coal workers in Moatize mine strike over bonus pay

on-strike1
Vale Moatize Mine coal workers strike over bonus pay

Workers at Vale’s Moatize coal mine in Mozambique have been on strike since Tuesday due to a dispute over bonus payments, the company said on Wednesday.
Mozambican state news agency earlier reported that 1 400 workers went on strike because Vale had cut a profit-sharing bonus called “variable remuneration”, which the company says it only pays if it achieves strong results.

Vale says no employee globally was paid the bonus because the company didn’t achieve the required financial performance last year due to depressed commodity prices.(source:Reuters)

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s