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

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

B.C. Finance Minister Selina Robinson outlines the province’s three-year budget in Victoria, April 20, 2021. (B.C. government video)
B.C. deficit to grow by $19 billion for COVID-19 recovery spending

Pandemic-year deficit $5 billion lower than forecast

A syringe is loaded with COVID-19 vaccine at a vaccination clinic run by Vancouver Coastal Health, in Richmond, B.C., Saturday, April 10, 2021. THE CANADIAN PRESS/Jonathan Hayward
67 new cases of COVID-19 in Interior Health

Thirty people in the region are hospitalized with the virus, 11 of whom are intensive care

Kootenay-Columbia MP Rob Morrison. Photo courtesy Conservative Party of Canada.
Kootenay-Columbia MP pans federal budget

Conservative Rob Morrison says budget doesn’t have a plan for long-term spending priorities

The IIO is investigating after a police dog bit a man during a traffic stop near Ladysmith on April 17, 2021. (Black Press Media stock photo)
Man arrested in incident at Canada-U.S. border near Roosville

A man who crossed the border illegally was apprehended by U.S. officials

People are shown at a COVID-19 vaccination site in Montreal, Sunday, April 18, 2021, as the COVID-19 pandemic continues in Canada and around the world. THE CANADIAN PRESS/Graham Hughes
211 new COVID-19 cases in Interior Health over the weekend

Currently, there are 875 active cases of the virus in the region

FILE – NDP Leader John Horgan, right, and local candidate Mike Farnworth greet one another with an elbow bump during a campaign stop in Coquitlam, B.C., on Friday, September 25, 2020. THE CANADIAN PRESS/Darryl Dyck
B.C. won’t be using random individual road stops to enforce travel rules: Safety Minister

Minister Mike Farnworth says travel checks only being considered at major highway junctions, ferry ports

A man pauses at a coffin after carrying it during a memorial march to remember victims of overdose deaths in Vancouver. THE CANADIAN PRESS/Darryl Dyck
B.C. announces historic half-billion-dollar funding for overdose crisis, mental health

Of it, $152 million will be used to address the opioid crisis and see the creation of 195 new substance use treatment beds

Cannabis bought in British Columbia (Ashley Wadhwani/Black Press Media)
Is it time to start thinking about greener ways to package cannabis?

Packaging suppliers are still figuring eco-friendly and affordable packaging options that fit the mandates of Cannabis Regulations

Children’s backpacks and shoes are seen at a CEFA (Core Education and Fine Arts) Early Learning daycare franchise, in Langley, B.C., on Tuesday May 29, 2018. THE CANADIAN PRESS/Darryl Dyck
B.C. budget to expand $10-a-day child care, but misses the mark on ‘truly universal’ system

$111 million will be used to fund 3,750 new $10-a-day spaces though 75 additional ChildCareBC universal prototype sites over the next three years.

Mak Parhar speaks at an anti-mask rally outside the Vancouver Art Gallery on Sunday, Nov. 1, 2020. Parhar was arrested on Nov. 2 and charged with allegedly violating the Quarantine Act after returning from a Flat Earth conference held in Geenville, South Carolina on Oct. 24. (Flat Earth Focker/YouTube.com screenshot)
Judge tosses lawsuit of B.C. COVID-denier who broke quarantine after Flat Earth conference

Mak Parhar accused gov, police of trespass, malfeasance, extortion, terrorism, kidnapping and fraud

Ambulance paramedic in full protective gear works outside Lion’s Gate Hospital, March 23, 2020. Hospitals are seeing record numbers of COVID-19 patients more than a year into the pandemic. (The Canadian Press)
B.C.’s COVID-19 infection rate declines, 849 cases Tuesday

Up to 456 people now in hospital, 148 in intensive care

The golf course in Elkford would need to be re-zoned to allow for 10 camping sites. (Image courtesy of District of Elkford)
Elkford to consider allowing campsites at golf course

The district has expressed support for 10 campground spaces at the golf course

Christy Clark, who was premier from 2011 to 2017, is the first of several present and past politicians to appear this month before the Cullen Commission, which is investigating the causes and impact of B.C.’s money-laundering problem over the past decade. (Darryl Dyck/Canadian Press)
Christy Clark says she first learned of money-laundering spike in 2015

The former B.C. premier testified Tuesday she was concerned the problem was ‘apparently at an all-time high’

Most Read