SPARWOOD, B.C. Both production and the workforce are to be cut at the Line Creek coal mine. The cuts are necessary to improve the mine's financial results and its long-term viability, according to Jim Gardiner, president and CEO of the FORDING COAL PARTNERSHIP.
Changes to the mining plan will cut production to about 2 million tonnes per year. Line Creek was to produce 3.5 million tonnes of metallurgical coal for export annually. About half of the 544 current employees will be laid off.
Fording estimates that the workforce layoffs will save $18 million a year, at the same time lowering unit production costs. The partnership will take a one-time charge of $4 million, including notice and other severance entitlements during the second quarter of this year.
Contact government and community affairs administrator Cindy Brunel at the mine site by calling 250-425-3138 or e-mailing cindy_brunel@fording.ca.
Comments