Workers Uniting questions Vale’s cancellation of investor events

21st October 2009

Workers Uniting, the world’s first international union, has criticised mining company Vale’s recent decision to cancel planned investor events in New York and London as more evidence of a company in disarray.

The global union represents three million workers in North America, the UK and Ireland, Workers Uniting, is a partnership between Unite from the United Kingdom and the United Steelworkers (USW) from the United States and Canada.

USW members at mining company Vale have been on strike since 13th July in a bitter dispute over pay, terms and conditions. The dispute is at Vale operations in Sudbury and Port Colborne, Ontario and Voisey’s Bay, Labrador, Canada.

Vale was scheduled to meet with key investors in New York on 21st October during 'Vale Day on Wall Street' and in London on the 23rd October.

Ken Neumann, USW Canadian national director, said: “Vale has been trying to avoid our shining a light on its managerial misconduct. Now it appears to be trying to hide from hard questions that might be raised by investors and the media. We will go to wherever Vale has operations and tell customers and investors how this company is unfairly treating its workers in Canada, Brazil and elsewhere."

Despite the cancellation of its own day on Wall Street, striking miners in Sudbury, Canada will still hold their own 'Vale Day' today (Wednesday). Since Vale was planning to host a breakfast for investors, USW will host a breakfast on the picket line where some 3,500 miners are on strike.

In New York, a delegation of USW activists will join strikers from Sudbury and Port Colborne across the street from the New York Stock Exchange at Federal Hall where they’ll inform investors that the company is hiding from them, too. The USW wants the company to return to the bargaining table in Canada and calls on its top management to rekindle negotiations.

Strikers and other supporters will also conduct a demonstration at Vale offices in Toronto and in Rio.

The workers will also reach out to the financial community in London in November. Unite represents Vale workers in London and Wales.

Derek Simpson, Unite joint general secretary, said: “Through Workers Uniting we are supporting the Vale miners in Canada. Investors must be told about the Canadian struggle to reach fair labour agreements. We stand in support of the USW in its Vale campaign for a fair deal now.”

Ends

For more information, contact:

Saba Mozakka (UK) at 07768 693 953; saba.mozakka@unitetheunion.org
Bob Gallagher (Canada) at 416-434-2221; bgallagher@usw.ca
Wayne Ranick (U.S.) at 412-562-2444; wranick@usw.org

You can also visit: www.fairdealnow.ca