
BHP restarts union negotiations over $80M hub
- BHP has reopened enterprise agreement talks with combined unions at Port Hedland following an eight-hour strike by staff.
- Operations remain largely unaffected so far, though BHP shares dropped following the threat of extended industrial action.
- Unions seek an additional $25,000 per worker to address multi-year wage stagnation and remote living costs.
BHP (ASX:BHP) has resumed pay negotiations with unions covering 450 workers at its $80 million daily iron ore hub.
The talks follow an eight-hour strike by over 100 workers after seven months of bargaining failed to produce an agreement.
"It hasn't seemed to have disrupted operations too much at the moment," said Argo Investments Portfolio Manager Andy Forster.
Unions are requesting an average wage increase of $25,000 for each of the 450 port operators and maintenance employees.
Following the announcement, the BHP share price was down at $42.50.
Union analysis indicated that local wages remained stagnant for six years despite corporate growth and higher regional living costs.
Electricians maintaining the regional high-voltage power grid also backed strike action ahead of scheduled negotiations with the company.