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Peru sheds 5,460 mining, steel jobs

Peru sheds 5,460 mining, steel jobs

A Peruvian labor federation says 5,460 mining and steel workers have lost their jobs since the start of November as sinking global mineral prices hammer the mining sector and stall new investments.
The secretary-general of the National Federation of Mine and Steel Workers says his 130,000-strong organization is planning to strike in February to protest the layoffs.
Luis Castillo Carlos said Tuesday that in one instance 800 miners were fired at Newmont Mining's Yanacocha gold mine.
Mining is the engine behind Peru's eight-year economic boom and its estimated 9 percent growth rate in 2008. The government projects growth will slow to 6 percent this year.


Updated : 2021-01-20 12:57 GMT+08:00