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

A Montrose man is suspected of using his drone to look into neighbourhood homes, and possibly film those inside. Photo: David Henrichs on Unsplash
Trail RCMP report drone mischief and a hit and run

Anyone with information is encouraged to call the Trail detachment

The Rossland Scouts Community Hall is directing a Trust grant into upgrading the building’s energy efficiency. Photo: Columbia Basin Trust
Columbia Basin Trust helps scouts hall become energy efficient

Columbia Basin Trust grants $18, 250 for Rossland Scouts Hall upgrades

FILE - This Dec. 2, 2020, file photo provided by Johnson Johnson shows vials of the COVID-19 vaccine in the United States. The U.S. is getting a third vaccine to prevent COVID-19, as the Food and Drug Administration on Saturday, Feb. 27, 2021 cleared a Johnson Johnson shot that works with just one dose instead of two (Johnson Johnson via AP)
Six weeks with no new COVID-19 cases in Trail

The latest localized BC CDC COVID-19 numbers

A health worker holds a vial of AstraZeneca vaccine to be administered to members of the police at a COVID-19 vaccination center in Mainz, Germany, Thursday, Feb. 25, 2021. The federal state of Rhineland-Palatinate, start with the vaccination of police officers in internal police vaccination centers. (Andreas Arnold/dpa via AP)
B.C. officials to unveil new details of COVID vaccination plan Monday

Seniors and health-care workers who haven’t gotten their shot are next on the list

An investigation is underway after a man was shot and killed by Tofino RCMP in Opitsaht. (Black Press Media file photo)
Man shot and killed by RCMP near Tofino, police watchdog investigating

Investigation underway by Independent Investigations Office of British Columbia.

B.C. Supreme Court in Vancouver on Tuesday December 11, 2018. THE CANADIAN PRESS/Darryl Dyck
B.C.’s compromise on in-person worship at three churches called ‘absolutely unacceptable’

Would allow outdoor services of 25 or less by Langley, Abbotsford and Chilliwack churches

Baldy Mountain Resort was shut down on Saturday after a fatal workplace accident. (Baldy Mountain picture)
Jasmine and Gwen Donaldson are part of the CAT team working to reduce stigma for marginalized groups in Campbell River. Photo by Marc Kitteringham, Campbell River Mirror
Jasmine’s story: Stigma can be the hardest hurdle for those overcoming addiction

Recovering B.C. addict says welcome, connection and community key for rebuilding after drug habit

A Vancouver restaurant owner was found guilty of violating B.C.’s Human Rights Code by discriminating against customers on the basis of their race. (Pixabay)
Vancouver restaurant owner ordered to pay $4,000 to customers after racist remark

Referring to patrons as ‘you Arabs’ constitutes discrimination under B.C.’s Human Rights Code, ruling deems

Nanaimo children’s author and illustrator Lindsay Ford’s latest book is ‘Science Girl.’ (Photo courtesy Lindsay Ford)
B.C. children’s writer encourages girls to pursue the sciences in new book

Lindsay Ford is holding a virtual launch for latest book, ‘Science Girl’

Pig races at the 145th annual Chilliwack Fair on Aug. 12, 2017. Monday, March 1, 2021 is Pig Day. (Jenna Hauck/ Chilliwack Progress file)
Unofficial holidays: Here’s what people are celebrating for the week of Feb. 28 to March 6

Pig Day, Canadian Bacon Day and Grammar Day are all coming up this week

Most Read