Teck Resources announced they plan to lay off 500 full-time workers in order to achieve target cost reductions. Phil McLachlan/The Free Press/File

MLA anticipates further job loss in resource sector, following Teck announcement

MLA Tom Shypitka says this, “is devastating news for my communities.”

Kootenay East MLA Tom Shypitka says he expects to see further job loss in the resource sector following an announcement by Teck Resources that it intends to cut 500 full-time workers.

Shyptika, who also serves as the Opposition Critic for Energy and Mines, says news of the layoffs, “comes in the face of further economic uncertainty generated by a government with a spending problem and no economic plan.”

He says the forest industry has already collapsed and we are now seeing confidence “plummet” in the mining sector under the watch of John Horgan and the NDP.

The Free Press previously reported news of an ‘unprecedented’ downturn in coal, following a letter sent to all coal employees on September 26 by Teck’s Senior Vice President of Coal, Robin Sheremeta. In the letter, the company outlined the cause of the downturn and how it could affect employees around the Elk Valley and parts of Alberta. Teck said it could result in a hiring freeze, project halts, job loss, and more.

The company operates four steelmaking mines in the Elk Valley and employs over 4,000 people.

During the last few weeks in September, the price of coal plunged from about $210/tonne to $130. Shypitka said that coal revenues pose a significant risk to the NDP budget. He says a drop of $20US in the average steelmaking coal price can result in a $50 to $70 million drop in tax revenue for the government.

“The vast majority of B.C.’s exports are in the resource sector, and without an economic plan to weather an expected slowdown in the global economy, we are going to see more layoffs in mining, forestry and all the industries that support the resource sector,” said Shypitka.

“All of Teck’s active mines are located in Kootenay East and this is devastating news for my communities.”



editor@thefreepress.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

First presumptive case of coronavirus identified in the Interior Health region

The woman, in her 30s, travelled from Shanghai and lives in the interior

Two injured in semi truck incident on Trans Canada Highway Feb. 13

One was pinned between a semi and a plow when another semi hit the wreckage

Golden artist to have painting of Tessa Virtue and Scott Moir auctioned at 2010 Olympic gala

The artist was so inpsired by Tessa Virtue and Scott Moir in 2010 that she began painting the duo

Wildsight Golden brings in new film series

The films were all chosen with the unifying theme of water

Kicking Horse update, Friday February 14

Kicking Horse reports no new snow in the last 24 hours. The… Continue reading

VIDEO: Ottawa wants quick, peaceful resolution to pipeline protests, Trudeau says

The protests have manifested themselves as blockades on different rail lines across the country

Canucks acquire forward Tyler Toffoli from Kings in push for playoffs

Vancouver sends Schaller, Madden, pick to L.A.

New highway proposed between Alberta and B.C.

The route would connect Red Deer to Kamloops

Wet’suwet’en and B.C. government have been talking Aboriginal title for a year

Coastal GasLink says it has agreements with all 20 elected First Nations councils along the 670-kilometre route

Trudeau tightlipped on plan to end protests ‘quickly and peacefully’

The prime minister, who cancelled a two-day trip to Barbados this week to deal with the crisis at home

B.C. budget expected to stay the course as economic growth moderates

Finance minister said ICBC costs have affected budget

Canadian standards for coronavirus protection to be reviewed, health agency says

The protocols set out how health workers should protect themselves and their patients

Monday marks one-year anniversary of man missing from Langley

42-year-old B.C. man, Searl Smith, was last seen leaving Langley Memorial Hospital on Feb. 17, 2019

BC Ferries sailings filling up Family Day Monday

More than 20 sailings added between Swartz Bay and Tsawwassen for long weekend

Most Read