(Trail Times file photo)

(Trail Times file photo)

No layoffs at Teck Trail, says spokesperson

Reduction targets met by attrition, expiry of temp positions, and deferring of job vacancies

The Trail smelter workforce will see little change in the latest trimming of jobs announced at company headquarters last week.

On Thursday, Teck Resources said it would be cutting 500 full-time jobs from its roster of around 10,000 employees, and deferring spending by roughly $500 million in 2020.

“We do not anticipate any layoffs at Trail Operations,” Teck Trail spokesperson Carol Vanelli Worosz told the Trail Times on Monday.

“At Trail Operations, we review our costs and efficiencies on a routine basis, including employee levels.

“While there will be a modest reduction in employee levels at Trail Operations, we do not anticipate significant changes at this time,” Vanelli Worosz said.

“Any reductions will likely be achieved through a combination of retirements and attrition, the expiry of temporary positions, and deferring filling a number of current job vacancies.”

Previous: MLA anticipates further job loss in resource sector

Previous: Slowing market has Teck closing Pend Oreille mine

The Vancouver-based miner said it wants to improve efficiency and productivity after reporting its third-quarter profit attributable to shareholders fell to $369 million, down from earnings of $1.28 billion in the same quarter last year.

“While our financial position is strong, in light of uncertain economic conditions, Teck has implemented a company-wide cost reduction program,” Vanelli Worosz continued. “To reduce our operating costs, and planned capital spending for the balance of 2019 and 2020, targeting reductions of approximately $500 million from previously planned spending through the end of 2020.”

The company said in a regulatory filing earlier this year it had about 10,000 full-time “regular” employees as of the end of 2018, with about 4,400 in coal operations, 2,500 in copper and 2,200 in its zinc mining sector.

For 2020, the company plans to trim a further $330 million in spending, including $130 million from its capital plans.

“While our financial position remains strong, we have implemented a company-wide cost reduction program with reduced spending,” said Teck CEO Don Lindsay on a conference call.

“Over the past few years, we have been focused on maximizing production to capture margins during periods of higher commodity prices,” Lindsay said on the call.

“However, current global economic uncertainties are having a significant negative effect on the prices of our products, particularly steelmaking coal.”

Lindsay said Teck’s operations in Chile have not been affected so far by protests sparked by public transportation price hikes which have resulted in several deaths.

He said about 5,000 people are working on construction of its Quebrada Blanca Phase 2 mining project there and funding will continue because it is a key component of future growth.

The company’s Neptune Bulk Terminals expansion in Vancouver is also a “priority project” that will continue to attract funding.

~ With files from Canadian Press



newsroom@trailtimes.ca

Like us on Facebook and follow us on Twitter

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

COVID-19. (Image courtesy CDC)
47 new COVID-19 cases in Interior Health region

1,538 total cases, 399 are active, ten in hospital

Employees at The Bargain! Shop pose with Santa at last year’s toy drive. There will be no photos with Santa this year to keep him healthy for Christmas, but the toy drive will be back for a fourth year. (Claire Palmer photo)
Fourth annual toy drive fundraiser underway

The Bargain! Shop is looking to raise $5,000 locally

Friends with Dorothy opens in Victoria.
LGBT2Q+ lounge Friends with Dorothy opens second location in Victoria

The Kelowna-based lounge plans to open in Victoria mid-December

COVID-19. (Image courtesy CDC)
Interior Health reports 65 new cases of COVID-19

Province-wide, there are 887 new cases of the virus

Exact numbers are not known for active cases in Golden. (File photo)
No cluster in Golden, according to Interior Health

Despite positive cases in the community, no cluster or outbreak has been declared by Interior Health

Mary Cox and Jack Plant dance in their pyjamas and slippers at the morning pyjama dance during the Rhythm Reelers’ 25 Annual Rally in the Valley Square Dance Festival in Chilliwack on June 4, 2011. Sunday, Nov. 29, 2020 is Square Dancing Day. (Jenna Hauck/ Chilliwack Progress file)
Unofficial holidays: Here’s what people are celebrating for the week of Nov. 29 to Dec. 5

Square Dancing Day, Disability Day and International Ninja Day are all coming up this week

Black Press Media and BraveFace have come together to support children facing life-threatening conditions. Net proceeds from these washable, reusable, three-layer masks go to Make-A-Wish Foundation BC & Yukon.
Put on a BraveFace: Help make children’s wishes come true

Black Press Media, BraveFace host mask fundraiser for Make-A-Wish Foundation

Kevin Bieksa during his days playing with the Vancouver Canucks. (Photo: commons.wikimedia.org)
Bieksa to guest on free Canucks Alumni ‘Hot Stove’ on Zoom app

Former NHL player has become a game analyst on Sportsnet

A West Cabs driver is being investigated for an incident which allegedly took place this week. (West Cabs)
West Kelowna cab driver under investigation after altercation over his lack of mask

Passenger alleges cab driver became confrontational when asked about wearing mask

Supt. Brian Hunter will be presenting first quarter RCMP stats to Penticton city council, tomorrow (April 21). (Phil McLachlan - Western News - File)
South Okanagan RCMP superintendent wants to set up dedicated prolific offender task force

Supt. Brian Hunter plans to use the additional officers city council approved for the force

(Pixabay)
‘We need to be empathetic’; Kelowna support worker speaks out after disabled individual denied haircut

Individual with severe autism denied service at a Kelowna hair salon for not wearing mask

Parents are urged to be on alert after a potential child abduction attempt took place near Armstrong Elementary School Friday, Nov. 27, 2020. (amsas/neden photo)
Possible child abduction attempt at North Okanagan elementary school prompts warning

A letter from the school’s principal urges parents to be on high alert

British Columbia provincial health officer Dr. Bonnie Henry wears a face mask as she views the Murals of Gratitude exhibition in Vancouver, on Friday, July 3, 2020. THE CANADIAN PRESS/Darryl Dyck
COLUMN: Anti-maskers’ message misses the mark

Following COVID-19 restrictions now could determine just how happy our holidays are

The Interior Wildfire Rehabilitation Society is looking for 10-15 acres to house a rehab centre for injured and orphaned wildlife like deer and moose calves. (Black Press file photo)
Okanagan group look for property to house wildlife rehab centre

The Interior Wildlife Rehabilitation Society is looking for 10 acres for injured/orphaned animals

Most Read