December 18 (SeeNews) - The Independent Union and the management of Bosnian manufacturer of long steel products ArcelorMittal Zenica, part of Luxembourg-based steel manufacturer ArcelorMittal, have agreed on the terms of a new collective agreement to end the general strike that started on November 20, the Federation's government said.
The agreement was forged during a meeting at the Federation's government held on December 15, the entity's government said in a press release on Friday.
The agreement, approved unanimously by the Independent Union's assembly, includes a 2,520 marka ($1,407/1,288 euro) bonus, meal allowance compensation from June to December 2023, and holiday bonuses for 2024, local news provider Faktor reported.
Employees of ArcelorMittal Zenica, about 2,200 of them, launched a strike demanding higher wages after working without a collective agreement since May 31. Earlier in November, ArcelorMittal Zenica temporarily stopped production due to the unfavourable conditions prevailing on the steel market, according to earlier local media reports.
ArcelorMittal has another unit in Bosnia, ArcelorMittal Prijedor, which operates an iron mine. ArcelorMittal holds a 51% stake in the mining company, whereas Bosnian miner RZR Ljubija holds the remaining 49% stake.
(1 euro = 1.95583 marka)