Stainless Steel Me

Union workers at Vale Inco’s Sudbury nickel mine in Canada rejected the company’s final contract offer and will go on strike at midnight Sunday, the United Steelworkers union said on Saturday.

Negotiations between Vale Inco — the nickel mining and processing division of Brazil’s Companhia Vale do Rio Doce — and its union broke down this week as the two sides failed to agree on bonuses, pensions and other issues.

Members of the USW’s Local 6500 voted overwhelmingly to reject the company’s contract offer and will go on a strike, as of midnight on Sunday. The Local represents about 3,300 workers at the site, which is one of the world’s largest nickel mines.

“Our members have negotiated forward-looking and long-term contracts that have been positive for our members, the community and the company,” Wayne Fraser a member of the union’s bargaining committee, said in a statement. “It’s just wrong that Vale is now trying to eliminate all that.”

Eighty five percent of the miners who voted rejected the company’s proposal, the union said.

Note this mine is currently closed until the end of the month but after that ould effect Nickel stocks and lead to hire Nickel prices

Reuters