What did the Sindicato Chuquicamata union say about returning bonuses after Codelco’s copper output misreporting?

The Sindicato Chuquicamata union, representing about 1,300 workers, vowed not to return any bonuses tied to last year’s production targets, with union President Hernán Guerrero stating, “We met production targets. We are not going to return a cent,” and warning it would stage protests “if anyone dares” to demand repayment.

How much in bonus payments was incorrectly distributed due to Codelco’s 2% overstatement of copper output, and who received it?

Codelco’s overstatement of copper output by about 2% last year led to an extra $14 million in bonus payments distributed to more than 6,000 workers, executives, and professionals.

Codelco Union Threatens Protests as Misreporting Fallout Spreads

May 25, 2026

Codelco’s Chuquicamata union vows to retain $14 million in bonuses after admitting copper output was overstated by 2% last year. The scandal intensifies governance scrutiny as the state miner faces leadership changes and pressure over its lithium venture.

bloomberg

2026-02-13

Chile expands Codelco’s lithium permit for Maricunga

2026-04-20

Chile Focuses on Codelco Turnaround, Not Quick Privatization Fix

2026-04-27

New Chile Leader Faces Codelco Dilemma: Dividends or Debt Relief

2026-05-11

Chile Signals Codelco Governance Overhaul Amid Debt Concerns

2026-05-21

Codelco Fires Executive for Overstating Copper Output in Chile