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New labour agreement reached for Rio Tinto Kennecott employees
Rhea-AI Impact
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Rhea-AI Sentiment
(Very Positive)
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Rhea-AI Summary
Rio Tinto has successfully ratified a new five-year Collective Bargaining Agreement with unions representing 1,300 employees at the Kennecott copper operation in Salt Lake City, Utah. The agreement, effective April 1, 2022, was ratified after seven weeks of negotiations and promises competitive wages and enhanced benefits for employees. Managing director Gaby Poirier expressed satisfaction with the agreement, highlighting its role in providing fair compensation and enabling future growth for Kennecott, which contributes $1.6 billion annually to Utah's economy.
Positive
The new Collective Bargaining Agreement provides competitive wages and enhanced benefits for 1,300 employees.
The agreement allows for new pathways to career progression.
The Kennecott mine contributes $1.6 billion annually to Utah's economy.
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None.
SALT LAKE CITY--(BUSINESS WIRE)--
Rio Tinto and unions representing approximately 1,300 employees at the Kennecott copper operation near Salt Lake City, Utah, have reached a new Collective Bargaining Agreement.
The new five-year agreement was ratified through a vote by union members held on 31 March 2022, following seven weeks of constructive negotiations. This agreement, effective 1 April 2022, delivers fair and competitive wages and enhanced benefits for all represented Rio Tinto Kennecott employees, and new pathways to career progression.
Rio Tinto Kennecott managing director Gaby Poirier said: “We are very pleased that the new Collective Bargaining Agreement has been ratified by Rio Tinto Kennecott’s union members. We have worked closely and productively with the unions to reach this agreement, which is fair and competitive, benefits our employees and their families, and enables us to grow as a business. The agreement will ensure that we can continue to provide competitive wages and benefits for all roles, and will allow Kennecott to pursue an exciting future as a leading domestic copper supplier in the United States.”
The Kennecott copper mine employs more than 2,000 workers and contributes $1.6 billion annually to Utah’s economy.
Media Relations, UK Illtud Harri M +44 7920 503 600
David Outhwaite M +44 7787 597 493
Media Relations, Americas Matthew Klar T +1 514 608 4429
Investor Relations, UK Menno Sanderse M: +44 7825 195 178
David Ovington M +44 7920 010 978
Clare Peever M +44 7788 967 877
Rio Tinto plc 6 St James’s Square
London SW1Y 4AD
United Kingdom
T +44 20 7781 2000
Registered in England No. 719885
Media Relations, Australia Jonathan Rose M +61 447 028 913
Matt Chambers M +61 433 525 739
Jesse Riseborough M +61 436 653 412
Investor Relations, Australia Amar Jambaa
M +61 472 865 948
Rio Tinto Limited Level 7, 360 Collins Street Melbourne 3000
Australia
T +61 3 9283 3333
Registered in Australia ABN 96 004 458 404
Source: Rio Tinto
FAQ
What is the new Collective Bargaining Agreement for Rio Tinto (RIO)?
The new Collective Bargaining Agreement is a five-year contract ratified by union members, providing competitive wages and enhanced benefits effective April 1, 2022.
How many employees are affected by the Rio Tinto (RIO) agreement?
Approximately 1,300 employees at the Kennecott copper operation are represented in the new agreement.
When was the Collective Bargaining Agreement for Rio Tinto (RIO) ratified?
The agreement was ratified on March 31, 2022.
What economic impact does Rio Tinto (RIO) Kennecott have in Utah?
The Kennecott mine contributes $1.6 billion annually to the economy of Utah.