Canadian union Unifor gives Rio Tinto 72-hour strike notice

TORONTO (Reuters) – Canadian union Unifor said on Wednesday miner Rio Tinto has been served with a 72-hour strike notice after nearly seven weeks of unproductive negotiations over proposed changes to workers' retirement income and benefit levels.

The union said it is seeking better retirement security for younger workers by moving newer employees from the company's Defined Contribution plan to a Defined Benefit plan.

"Rio Tinto is committed to working with the union to reach a mutually beneficial outcome to the ongoing bargaining process," a Rio spokesperson told Reuters.

Negotiations are also focused on a backlog of more than 300 grievances and the company's refusal to hire full-time workers leading to an overreliance on temporary employees, Unifor said.

Unifor says it represents about 900 workers at the company's aluminum smelting plant in Kitimat and power generating facility in Kemano.

(Reporting by Sabahatjahan Contractor in Bengaluru and Jeff Lewis in Toronto; Editing by Subhranshu Sahu)

By Matt Earle

Matthew Earle is the Founder of MiningFeeds. In 2005, Matt founded MiningNerds.com to provide data and information to the mining investment community. This site was merged with Highgrade Review to form MiningFeeds. Matt has a B.Sc. degree with a minor in geology from the University of Toronto.

If you would like to receive our free newsletter via email, simply enter your email address below & click subscribe.

MOST ACTIVE MINING STOCKS

 Daily Gainers

 Hannans Reward Ltd. HNR.AX +68.18%
 AsiaBaseMetals Inc. ABZ.V +29.03%
 Golden Queen Mining Co. Ltd. GQM.TO +20.00%
 Standard Lithium SLL.V +16.42%
 Patagonia Gold plc PGD.L +14.29%
 Finlay Minerals Ltd. FYL.V +14.29%
 Rubicon Minerals Corp. RMX.TO +14.10%
 Lodestar Minerals Limited LSR.AX +11.11%
 Southern Silver Exploration Corp. SSV.V +10.34%
 Minco Silver Corp. MSV.TO +10.00%