Southern Copper updates Peru labor negotiations Southern Copper says Peru labor negotiations have been conducting negotiations with eight Peruvian unions whose collective bargaining agreements expired in 2012. In January 2013, we signed a three year agreement with three unions which includes, among other things, annual salaries increases of 6%, 5% and 5% for each of the three years, respectively. We are confident that we will reach a satisfactory agreement with the remaining workers’ unions in the coming days.
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