Company Panamanian copper called more than 1500 associates for participation in the second session of their special voluntary retirement program, u Penonomé, province of Coclé.
This program was originally announced last year following mine closures and mine claims Minister of Trade and Industry (MICI) stop all production activities at Cobre Panama.
According to the company, Panama Copper Workers Union (Utramipa)The majority trade union also participated in the session after signing an agreement on the opening of this special voluntary retirement program for those associates who wish to request it.
It is explained that this option consists of a mutual agreement, which includes the payment of all monies legally owed, expressing the company’s support of more than 2,900 employees who have accepted this call for voluntary retirement to date.
It was also stated that the special voluntary retirement program will include the payment of all amounts established by Panamanian labor legislation, namely: accrued vacations, accrued thirteenth month, length of service bonus and 100% of the associated compensationaccording to Article 225 of the Labor Law.
Approximately 1400 employees of Cobra Panamá They will continue to perform their conservation functions and safe management tasks (non-operational), essential for the implementation of measures of environmental stability and asset integrity for responsible environmental management of the site.
In the past few days, a technical inspection was carried out on the mine facilities by v Intergovernmental Supervisory Commissionwhich is coordinated by MICI.
During the inspection, the mechanisms implemented to carry out the difficult tasks of preserving and safely managing ecological and environmental conditions, as well as the premises, infrastructure and facilities of the mine site, were presented.
In November last year, Supreme Court of Justice (CSJ) declared unconstitutional the legal contract between the state and Minera Panamá.
Source: Panama America
I am Jason Root, author with 24 Instant News. I specialize in the Economy section, and have been writing for this sector for the past three years. My work focuses on the latest economic developments around the world and how these developments impact businesses and people’s lives. I also write about current trends in economics, business strategies and investments.
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