Workers at Peabody Energy’s Coppabella mine have voted in favour of a new enterprise agreement which will see them receive zero, two and two and a half pay percentage increases over the next three years.
The new agreement was voted up by the workforce in a secret ballot held last week.
The mine employs around 550 people, including contractors.
A slide in global coal prices has seen Peabody’s third quarter revenues amount to $US1.8 billion, down from $US2.06 billion in the corresponding period last year, forcing it to cut costs across its operations.
A similar pay deal is being voted on today by the workforce at Peabody’s Helensburgh Metropolitan Colliery.
However the agreement there is expected to be rejected as it is not endorsed by the union.
The CFMEU is calling for a four per cent wage increase in exchange for a four per cent sacrifice on bonuses.