TENTATIVE SETTLEMENT AT DRUMMOND

C O N F I D E N T I A L BOGOTA 005395 SIPDIS SIPDIS E.O. 12958: DECL: 06/14/2016 TAGS: ELAB EMIN ENRG EINV CO SUBJECT: TENTATIVE SETTLEMENT AT DRUMMOND REF: BOGOTA 5384 Classified By: CDA MILTON DRUCKER FOR REASONS 1(B) AND (D) ¶1. (C) Early June 14, Drummond reached a tentative agreement with leaders of the miners' union to end the 23 day-long strike. Drummond's President of Coal Operations, Mike Tracy of Drummond, said the agreement would be put to a vote of the union rank and file members later in the day. ¶2. (C) According to Drummond, the agreement included a wage increase and an increase in the indemnity payments for workers that leave the company. The agreement does not include provisions to change the company's ability to fire a worker without "just cause" (reftel). Tracy added he would briefEmboffs before returning to the US . DRUCKER =======================CABLE ENDS============================