Copper Workers’ Federation Denounces «Deliberate» Campaign to Discredit Codelco Amid Privatization Concerns

The Copper Workers' Federation (FTC) has strongly condemned what it describes as a "deliberate" campaign aimed at discrediting Codelco, signaling concerns over potential covert privatization efforts.

Copper Workers’ Federation Denounces «Deliberate» Campaign to Discredit Codelco Amid Privatization Concerns

Original article: Federación de Trabajadores del Cobre acusa campaña «deliberada» de desprestigio contra Codelco para «allanar el camino hacia la privatización encubierta»


In a public statement, the Copper Workers’ Federation (FTC) expressed its «categorical rejection» of what it deems the «opportunistic and tone-deaf» stance of the government and Codelco’s board chairman, Bernardo Fontaine. According to the union, these figures have utilized public platforms to harm and undermine the country’s leading company.

The FTC accused the government of orchestrating a strategic campaign aimed at paving the way for the dismantling and covert privatization of Chile’s most significant public asset.

They stated, «We have firmly declared that alienating profitable and strategic assets weakens the Corporation and goes against global trends.»

The union warned, «Transferring mining assets to private-controlled companies, selling stakes in key assets, and removing (or modifying) state-regulated controls is privatizing in pieces.»

The copper workers continued, «We are familiar with this strategy; first, they discredit the company, present it as being in crisis, and claim it is inefficient, only to sell it off at a bargain price.»

At this point, they highlighted that «those who are attacking Codelco today are the same ones who supported the pension fund system (AFP), which caused significant harm to the pensions of Chileans, and now they aim for the salary of Chile. We will not allow this,» they asserted.

Read the full statement below:

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