Codelco's Landmark Labor Deal at El Teniente Mine

Chile's state-owned Codelco has secured an early contract agreement with five workers' unions at its El Teniente mine. Effective from Nov. 1, the agreement covers approximately 3,150 workers and will be in place for the next 36 months.

Chilean state-run copper giant Codelco reached an early contract agreement with five workers' unions at its El Teniente mine, the company said on Wednesday.

The deal encompasses nearly 3,150 workers and will start on Nov. 1 and last 36 months, Codelco said.

This landmark agreement underscores the company's commitment to stable labor relations and long-term operational efficiency.

(With inputs from agencies.)