US Edition
Elk Valley Resources cuts jobs in response to global economic challenges
- Elk Valley Resources is cutting 140 jobs to improve efficiency and reduce costs across our business to ensure our company is globally competitive, according to an email to The Free Press.
- The company's Cost Reduction Program aims for $400 million in savings by deferring projects and cutting operating supplies, as noted by CEO Mike Carrucan.
- Sparwood Mayor David Wilks stated that increased steel exports from China and U.S. tariffs have affected market conditions.
- David Johnston, president of the Chamber of Mines, mentioned that Canada's competitiveness may improve if China limits its supply of certain minerals.
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