Teck Resources announces Highland Valley Copper workforce reduction

By Chad Harris
November 5, 2015 - 1:44pm Updated: November 6, 2015 - 11:09am

The flagging price of copper has hit close to home.

Teck Resources has announced plans to trim six percent of its workforce at Highland Valley Copper in Logan Lake. That could result in as many as 80 job losses by the end of 2016.

Peter Martell is the Superintendent Environment and Community Affairs at Highland Valley, he says nine layoff notices were issued today though it's hoped most of the job cuts can happen through attrition. Martell adds the soft copper market is almost entirely to blame.

United Steelworkers Local 7619 President Kyle Wolff agrees the entire industry is scrambling. Wolff says he has been told the move affects the entire operation though contract language means non-union contracted employees will be targeted before unionized workers.

Copper prices are down to 2.26 per pound this morning. They were nearly a full dollar higher one year ago.
 





 



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