Vale Mine Workers Stage Protests as Iron Rout Eats Bonuses
- Workers are protesting non-payment of profit-sharing bonus
- Blockades were cleared by 2 p.m. local time, Vale says
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Vale SA workers held protests at several of the company’s Brazilian iron-ore mines on Tuesday seeking a bonus that wasn’t paid after slumping prices eroded earnings.
Blockades organized by the Metabase Belo Horizonte union prevented other personnel from entering operations in the state of Minas Gerais, the world’s biggest iron-ore miner said by e-mail. The protests were cleared by 2 p.m. local time, it said. Seven mines and two railway terminals were targeted, an official briefed on the matter said.