Finland: Talvivaara mine laying off almost half of workforce

The Talvivaara Mining Company announced Wednesday that it has concluded cooperation consultations with personnel and that it will be laying off 246 of its 530 employees for an indefinite period.

In the beginning of the consultations the company estimated the possible employee impact to be terminations of employment, layoffs and/or changes to part-time contracts.

Talvivaara Mining says that the layoffs will support its corporate reorganization and adjust the number of personnel to the current operating scheme under which ore production has been temporarily discontinued. It added that leaching and metals recovery activities will continue in a normal fashion.

Related Link:

Finland: Court approves Talvivaara debt plan, Yle News

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