Philex Mining Corp. settles labor dispute, lifts strike
What happened
Philex Mining Corp. reached a settlement with the Philex Padcal Rank-and-File Union to resolve a labor dispute. The agreement was reached during a conciliation-mediation conference facilitated by the National Conciliation and Mediation Board in the Cordillera Administrative Region. The settlement concludes the Collective Bargaining Agreement covering January 2025 to January 2030. Upon signing, the union agreed to immediately lift its strike.
From bworldonline.com
Why it matters
The settlement resolves a labor dispute affecting Philex Mining Corp.'s operations. This resolution allows the company to proceed with its plans to expand its mineral portfolio, including commercial operations at the Silangan gold-copper mine in Benguet, Philippines. The agreement establishes a new Collective Bargaining Agreement, which is scheduled to be finalized and ratified by October 30.
Philex Mining Corp. plans to expand its mineral portfolio by beginning commercial operations at the Silangan gold-copper mine in Benguet, Philippines.
From bworldonline.com
Who's involved
- Cordillera Administrative RegionAdministrative region where the conciliation-mediation conference was held
- PhilippinesGeopolitical state where the mining company operates
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The entities involved
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Cordillera Administrative Region
administrative region of the Philippines
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