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17 October, 2005
In Poland, workers of nine trade unions at KGHM Polska Miedz S.A., a publicly-traded copper and silver mining company in which the state holds 45% stake, won an extra month’s salary in collective negotiations due to the high copper prices.
The unions demanded the increases for 17,000 workers after the company stated its 2005 profit projections would be doubled. After first offering a half-month’s extra pay, KGHM’s board met the demands of the unions, and the extra paycheck will be awarded prior to 4 November.