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ENDING STRIKE * Chile - Truckers Do it
Strike Caused by Fuel Cost Jump
Santiago,Chile -Bloomberg, by Sebastian Boyd & Heather Walsh -June 6, 2008: -- Chilean trucking companies ended a three-day nationwide strike that sparked shortages of food and cut copper production, after the government agreed to cut their tax payments on diesel... More than 30,000 trucking companies are resuming work today for the first time since the strike began on June 3 after the government said it will discount 80 percent of their diesel-tax payments as of July, said Diego Ramirez, a spokesman for the National Guild Confederation of Chilean Truck Owners... The accord will cost the government about $52 million, Finance Minister Andres Velasco said today. The day prior to the start of the strike, President Michelle Bachelet had pledged $1 billion for consumers in extra subsidies on diesel and other fuels in a bid to bolster economic growth and slow inflation... The price of diesel used to power trucks surged 78 percent in May from a year ago, according to Empresa Nacional del Petroleo, the state fuel company. Rising costs for food, fuel and energy helped push the annual inflation rate to 8.9 percent in May, the highest in more than 13 years... Protesters blocking roadways had hindered workers from leaving mining camps and hampered the delivery of supplies of food and fuel, the Mining Council, which represents the nation's mining companies, said yesterday. Chile is the world's largest supplier of copper...
Labels: truckers' strikes
posted by Unknown @ 2:55 PM
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