CAW wants investigation into Xstrata’s plan to close Kidd site
CBJ Feb 8 - The Canadian Auto Workers union is asking federal and Ontario governments to investigate Xstrata PLC's reasons for closing its site in Timmins, Ontario.
Xstrata said last December that it plans to closes its copper and zinc operations in the northern Ontario city in May. The miner cited lower global demand and the high value of the Canadian dollar among reasons for the closure.
The CAW says should an investigation find Xstrata has little reason to close the site, Xstrata must be forced to divest its Timmins assets. The union says the closure, which will see almost 700 jobs lost and production move to Quebec, is wholly unnecessary.
Xstrata said last December that it plans to closes its copper and zinc operations in the northern Ontario city in May. The miner cited lower global demand and the high value of the Canadian dollar among reasons for the closure.
The CAW says should an investigation find Xstrata has little reason to close the site, Xstrata must be forced to divest its Timmins assets. The union says the closure, which will see almost 700 jobs lost and production move to Quebec, is wholly unnecessary.
More Business News
- Obama warns of challenges at start of Mideast peace talks
- Obama administration denied dismissal of drilling lawsuit
- U.S. private sector cuts 10,000 jobs
- Stock futures creep higher with job data
- Exelon to acquire Deere's renewable energy unit for $900 million
- Foreign, domestic priorities to highlight White House speech
- South African strikers reject wage offer
- Uranium discovery in Indonesia
- Australian manufacturing growth slows
- Australian GDP growth rate fastest in three years
- Standard Bank launches food production scheme Africa
- Police tear gas protestors against rising prices in Mozambique
- South African miner’s union suspends sympathy strike
- Unitech Energy Resources to Restate Financial Statements
- Emerald Bay Clarifies Proposed Private Placement
- ShaMaran Announces $50 Million Private Placement
- Fortress Energy Announces Closing of Asset Sale
- Steven Cloutier Announces Acquisition of Common Shares of Cumberland Oil & Gas Ltd.
- Solara Exploration Announces Update on Current Completion and Drilling Operations
- Kinetex Arranges Private Placement of Up to $1 Million



del.icio.us
Digg
NewsVine
Mixx
FaceBook
Twitter





