Glencore-owned Elk Valley Resources, which operates four steelmaking coal mines in British Columbia, said it is cutting 140 jobs due to “challenging market conditions,” reported CBC News.
“[Elk Valley Resources] is working to improve efficiency and reduce costs across our business to ensure our company is globally competitive,” said Chris Stannell, Elk Valley Resources communications manager.
Stannell said most of the employees in the cut jobs were reallocated into other vacant positions within the company, but not all. Workers who were not placed into another position are receiving support.
Elk Valley Resources employs more than 5,000 people.
Source: CBC News