Wage strike hits CSN’s Brazilian iron ore mine

SAO PAULO, May 30 (Reuters) – Workers demanding better pay
at Brazil’s Companhia Siderurgica Nacional’s (CSNA3.SA) Casa de
Pedra iron ore mine went on an open-ended strike over the
weekend, a union representative said on Monday.

CSN said the mine is operating normally and output of iron
ore was unaffected but the union said participation in the
stoppage was affecting output.

The strike highlights the growing pressure on inflation
from labor, as workers want salaries to keep up with a general
acceleration in price rises across the Brazilian economy over
the past year.

In recent weeks, workers at GM’s (GM.N) auto plant in Sao
Paulo went on strike for better pay, as well as thousands of
workers at large Brazilian infrastructure works such as the
Madeira River Hydroelectric Complex in the state of Rondonia.

The Minas Gerais state mine accounted for a third of CSN’s
revenue last quarter, and workers are demanding a greater share
of profits, Jesu Valentim Rodriguez, social director at the
Metabase Inconfidentes union, told Reuters.

The union said the mine employs 2,300 workers and produces
60,000 tonnes of iron ore a day.

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