South Jordan, Utah (April 4, 2017) – Rio Tinto Kennecott has reached a labor contract agreement with the four unions that have been in collective bargaining since late February.
Of Kennecott’s approximately 1,600 employees, more than 1,200 are represented by one of the four unions, including the United Steelworkers, International Union of Operating Engineers, International Association of Machinists and International Brotherhood of Electrical Workers.
“We have had a strong long-term relationship with our unions, and the news of ratification and successful terms represent that relationship,” said Marc Cameron, managing director, Rio Tinto Kennecott. “This agreement allows our employees and our organization to focus on safety, efficiency and our customers.”
“This is a good example of improved working relationships with the unions that represent our employees and our continued focus on making our operations sustainable,” said Rick Willmott, head of employee relations, Rio Tinto. “I specifically want to mention the District and International Leadership of the United Steelworkers, including Leo Gerard, for their efforts to progress the overall relationship.”
“I want to thank both parties for a job well done in finding joint resolution to the issues that we have faced for many years and how we will both move successfully forward in the future,” said Leo Gerard, president, United Steel Workers International.
Kennecott was informed by union leadership on April 3, 2017 that their members had ratified the proposal provided by Kennecott. These are the highlights of the new agreement:
- Five-year agreement
- Continued quality healthcare and retirement benefits
- Competitive wage increases every year
The contract will take effect April 4, 2017. The agreement allows Kennecott to have predictable labor costs, which helps the business plan for future operating and capital investments.
About Rio Tinto Kennecott
As one of the largest copper producers in the United States, Rio Tinto Kennecott comprises nearly 20 percent of U.S. copper production. Kennecott’s Bingham Canyon Mine is one of the top producing copper mines in the world with production at more than 19 million tons. Rio Tinto purchased Kennecott and related facilities in 1989 and has invested more than $2 billion in modernization since that time. Kennecott has also spent more than $350 million on the cleanup of historic mining waste and $100 million on groundwater cleanup. Take a closer look at riotintokennecott.com.
About Rio Tinto
Rio Tinto is a leading international mining group headquartered in the United Kingdom, combining Rio Tinto plc, a London and NYSE listed company, and Rio Tinto Limited, which is listed on the Australian Securities Exchange. Rio Tinto's business is finding, mining, and processing mineral resources.
Rio Tinto's business is finding, mining, and processing mineral resources. Major products are aluminum, copper, diamonds, energy (coal and uranium), gold, industrial minerals (borax, titanium dioxide, salt, talc) and iron ore. Activities span the world but are strongly represented in Australia and North America with significant businesses in South America, Asia, Europe and Southern Africa. www.riotinto.com.