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

Just Posted

Celebrating winter heritage with Griz Days

Mark your calendars, start doing your snow dance and get ready for… Continue reading

Red Apple hosts kid’s shopping day

On Sunday December 1, Red Apple in Fernie opened its doors for… Continue reading

Lilac Terrace receives $25,000 donation

Lilac Terrace, a senior’s supported living complex owned by the Elk Valley… Continue reading

Support the Cause proceeds assist children with cancer

There were plenty of smiling faces at Western Financial Group on Friday… Continue reading

Second Avenue location home for Coal Town Goods

Fernie’s own Coal Town Goods moved to a new location on Second… Continue reading

B.C. woman charged in connection to stolen vehicle smash-up in Kamloops

Kersten Ina Peters was arrested in the Fraser Valley on Friday, Dec. 6

Tavares scores twice as Maple Leafs earn 4-1 win over Canucks

Vancouver sees two-game win streak snapped

UPDATED: No survivors in Gabriola Island plane crash: RCMP

The Island is located about five kilometres east of Vancouver Island

VIDEO: Harbour Air makes history with first electric aircraft test flight

Successful flight marks first of its kind in the world

The Grinch who Stole a Hedge: Security camera captures Chilliwack tree theft

RCMP arrives as person calmly walks away with tree in downtown area

Salmonella outbreak in Canada linked to rodents and snakes

92 cases of salmonella across six provinces, including B.C.

Meng Wanzhou wins right to more documents involving arrest at Vancouver airport

Defence lawyers allege the Huawei executive was unlawfully detained, searched and interrogated

Truck with body inside found at bottom of lake near Kootenay ferry

Investigators believe no foul play is expected but are unsure how the vehicle ended up in the Arrow Lakes

Most Read