Commencement of privatization of Centromín Perú

In 1993, the privatization process began for the state-owned company Centromín Perú, one of the main mining companies in the country, which accounted for a large part of the country's mining and metallurgical production. This process resulted in the massive layoff of thousands of mining and metallurgical workers who worked in the company's various production units. Privatization resulted in greater impotence and weakening of the mining unions that had been historically strong in the region. The context of this process followed years of political violence, labor conflicts, and counter-subversive actions that had already significantly weakened union organization in the mining sector.