March 4, 2009

Nickel miner Vale Inco to cut 900 jobs globally

Vale Inco Ltd. said Tuesday it will cut more than 400 white-collar jobs in Canada as it continues to restructure its operations amid slumping nickel prices.

The Toronto-based miner said it will cut 900 jobs worldwide, mainly from its corporate, management and business support functions, and the bulk of layoffs in Canada will fall at its major nickel operations in northern Ontario.

Source: The Canadian Press

1 Comment »

  1. Vale has completed the white collar layoffs, and I am one of them. I would like everyone to know that they are attempting to bust the local 6600 union. I was a Geologist at Vale inco this morning at Creighton mine. So far out of the 65 positions termentated I know of at least 20 Geologists that have been terminated without severance and the payout of 1 week pay for every 1 year worked. It was a sad day watching one by one, my good friends and co-workers being escorted out of the building. From what I have learned for the last 6 months, this is just the tip of the iceburg. Plans for a full shutdown and Non-union staff already have there work schedules for running at a minimal maintinance. I wish all 65 the best of luck finding a job, now that there is a surplus of Geologists in Ontario.

    Comment by Steve Baker — March 25, 2009 @ 12:42 pm | Reply

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