Australia's BHP, unions fail to reach wage deal
- The parties said they will meet again on August 25, a spokesperson for the union added
BHP Ports Unions said on Tuesday that it had failed to reach an agreement with BHP on a wage deal for workers at Port Hedland in Western Australia.
The parties said they will meet again on August 25, a spokesperson for the union added.
“In today’s meeting, BHP presented a proposal that does not adequately address the concerns of the people whose hard work generated that $13 billion profit,” the union said.
BHP did not immediately respond to a Reuters request for comment.
BHP reported better-than-expected full-year earnings of $13.20 billion earlier in the day and declared its highest annual dividend in four years.
BHP resumes negotiations with Port Hedland iron ore unions
Some BHP workers at Port Hedland, the world’s largest iron ore export hub, staged a second planned stoppage earlier this month, marking the first major industrial action at the site in a quarter century.
BHP CEO Brandon Craig, however, said he did not expect the industrial action to impact the company’s performance.
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