BHP workers approve 16% pay rise

• Most workers at BHP's key iron ore operations voted to approve a new four-year employment agreement.
• The deal secures a 16% wage increase but faces continued opposition from industry unions.
• The company stated that the agreement will support safe, productive, and sustainable mining operations moving forward.

Most workers at BHP (ASX:BHP) voted to approve a new agreement delivering a 16% pay rise.

The Australian Workers Union previously expected employees to reject the deal to hold out for higher wage offers.

“This is a win-win for BHP and our people, who have voted strongly to lock in pay rises over the next four years as well as increased allowances and benefits,” said BHP WA iron ore president Tim Day.

The agreement covers 1,814 employees across two mines and requires final approval from the Fair Work Commission.

Following the announcement, the BHP share price was unchanged at $41.50.

Separate unions are currently threatening industrial action at the company's Port Hedland export hub over stalled bargaining talks.

The dispute comes amid a broader two-year push by regional unions to expand their workforce representation.