BHP Faces Port Hedland Strike After Labor Talks Fail
(Updates to add BHP's comment in the fifth paragraph.) BHP Group (BHP) said workers at its Port Hedland iron ore operations will proceed with an eight-hour strike on Thursday after the company failed to reach a new labor agreement with unions, The strike is scheduled from 2 pm to 10 pm local time on July 16, it said. The Combined BHP Ports Union told the publication that a five-hour bargaining session on Tuesday ended without a deal, prompting workers to move ahead with planned industrial action. BHP., said it was "disappointing" that unions chose to proceed despite progress in negotiations. The company added it has contingency plans to ensure operations continue safely. The unions are seeking a new four-year labor agreement after six months of negotiations. The two sides are set to resume talks on July 21, it added. BHP confirmed the labor action to, with a spokesperson saying the company remains committed to bargaining with unions in good faith, with the Fair Workplace Commission's guidance. (Market Chatter news is derived from conversations with market professionals.
(Updates to add BHP's comment in the fifth paragraph.) BHP Group (BHP) said workers at its Port Hedland iron ore operations will proceed with an eight-hour strike on Thursday after the company failed to reach a new labor agreement with unions, The strike is scheduled from 2 pm to 10 pm local time on July 16, it said.
The Combined BHP Ports Union told the publication that a five-hour bargaining session on Tuesday ended without a deal, prompting workers to move ahead with planned industrial action.
BHP., said it was "disappointing" that unions chose to proceed despite progress in negotiations.
The company added it has contingency plans to ensure operations continue safely.
The unions are seeking a new four-year labor agreement after six months of negotiations.
The two sides are set to resume talks on July 21, it added.
BHP confirmed the labor action to, with a spokesperson saying the company remains committed to bargaining with unions in good faith, with the Fair Workplace Commission's guidance. (Market Chatter news is derived from conversations with market professionals.