Workers at Tara Mines got a reprieve this week when the protective notice issued by the company in January was lifted, following a deal negotiated between the unions and management.
The 670 staff at the Boliden owned lead and zinc mine will not be facing the 10 per cent pay cut originally sought by management under the new deal, but savings will be achieved through efficiencies put forward by the unions.
This week’s negotiations followed a recommendation by the Labour Court that all sides enter into discussions with a deadline for resolution by 26th March.
The unions will be putting the new deal to their members next week and it will also go before the Board of Boliden in Sweden for endorsement.
SIPTU’s John Regan said that a lot of people will be relieved at the results of the negotiations.
A spokesperson for Tara Mines said the agreement was an important step in creating the conditions to increase Tara’s profitability and sustain the life of mine to 2018 and beyond.
“With immediate effect the Protective Notice issued to all employees in January has been withdrawn and work to commence the capital development required to achieve our production targets has begun,” he said.