It gets down to your exposure to Unions, and your willingness to drive efficiencies.
When the going is good ,BHP wont risk a prolonged strike and lost market share.
When the going is tough they do take them on in a limited fashion resulting in production cost savings.
Note that no Wage rates for BHP miners have had to be reduced , just common efficiency gains brought about by reducing uneconomic activities introduced in times of plenty.
Miners can see that if they resist ,BHP will close that particular Mine down resulting in a loss of jobs so they bite their lip and bide their time.
No doubt when the wheel turns and Iron Ore /Coal prices increase , things will return .
Its a cycle that's predictable.
It gets down to your exposure to Unions, and your willingness to...
Add BHP (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$45.06 |
Change
0.420(0.94%) |
Mkt cap ! $228.6B | |||
| Open | High | Low | Value | Volume |
| $45.05 | $45.47 | $44.78 | $351.0M | 7.781M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 45 | $45.03 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $45.07 | 4549 | 1 |
View Market Depth
| Last trade - 16.10pm 02/10/2024 (20 minute delay) ? |
| BHP (ASX) Chart |