TORONTO - The CAW is calling on the federal and Ontario governments to investigate Xstrata PLC's reasons for closing its site in Timmins, Ont.
The mining giant said last December that it plans to closes its copper and zinc operations in the northern Ontario city in May.
The Swiss-based 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.
The CAW says Xstrata's revenue held steady despite a sharp drop in resource prices in 2008 and 2009 and prices are now on the rise.
Xstrata acquired the operations as part of its takeover of Falconbridge in Aug. 2006, before commodity prices peaked last year and then crashed when the global economy slowed dramatically.
The company still has other operations in Timmins, including a mine that employs between 600 to 700 people.
CAW calls for probe of Xstrata plan to close Kidd site
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Published on
February 8, 2010
- Published on February 24, 2010
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