The North Shore Colombia Solidarity Committee Blog
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Monday, January 29, 2007
Cerrejon press release--agreement signed
from: Avi Chomsky
------
Agreement between Cerrejón and Sintracarbón through dialogue and concertation
Collective convention will have a duration of two years
The representatives of the Negotiating Commission of Cerrejón LLC, and the
representatives of the National Union of the Coal Industry, SINTRACARBON reached an
agreement on the main issues in the List of Petitions of the Collective Bargaining
Agreement, which will have a duration of two years. The main issues of the agreement
are:
Salaries will be increased by 7.7% during the first year; the raise for the second
year will be 1.5% above the Colombian Price Index increase, or 6% (whichever is
higher).
On the issue of educational benefits for college or university studies a sum of
U$619, for each son per worker for the first year and U$660 for the second year.
Additionally, a loan for discretionary investment through financial institutions
(Funds and Cooperatives) was agreed upon for the sum of U$8.510 at DTF
(average local interest rate of Fixed Term Deposits), and up to an additional
U$4.255 at an interest rate of DTF plus 4% and a term of up to 6 years.
The remaining economic issues of the agreement will be readjusted at the same
percentage of the salary increase for both valid years of the Agreement.
For Cerrejón it is important to have reached an agreement based on dialogue and
concertation in which the sound judgement of the Commissions predominated and which
represents benefits for both parties, as well as for La Guajira Community and for
Colombia.
Bogotá, January 29, 2007
------------------------------
from: Avi Chomsky
------
Agreement between Cerrejón and Sintracarbón through dialogue and concertation
Collective convention will have a duration of two years
The representatives of the Negotiating Commission of Cerrejón LLC, and the
representatives of the National Union of the Coal Industry, SINTRACARBON reached an
agreement on the main issues in the List of Petitions of the Collective Bargaining
Agreement, which will have a duration of two years. The main issues of the agreement
are:
Salaries will be increased by 7.7% during the first year; the raise for the second
year will be 1.5% above the Colombian Price Index increase, or 6% (whichever is
higher).
On the issue of educational benefits for college or university studies a sum of
U$619, for each son per worker for the first year and U$660 for the second year.
Additionally, a loan for discretionary investment through financial institutions
(Funds and Cooperatives) was agreed upon for the sum of U$8.510 at DTF
(average local interest rate of Fixed Term Deposits), and up to an additional
U$4.255 at an interest rate of DTF plus 4% and a term of up to 6 years.
The remaining economic issues of the agreement will be readjusted at the same
percentage of the salary increase for both valid years of the Agreement.
For Cerrejón it is important to have reached an agreement based on dialogue and
concertation in which the sound judgement of the Commissions predominated and which
represents benefits for both parties, as well as for La Guajira Community and for
Colombia.
Bogotá, January 29, 2007
------------------------------
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