B.C. mining company cuts 140 positions due to 'challenging market conditions'
Glencore-owned Elk Valley Resources (EVR), which operates four steelmaking coal mines in B.C.'s southeast along the Alberta border, said it is cutting 140 staff jobs.
In an emailed statement from company communications manager Chris Stannell, Elk Valley blamed "challenging market conditions" for the job cuts.
Earlier this month, U.S. President Donald Trump doubled tariffs on steel imports to the U.S. to 50 per cent, while industry leaders continue to raise concerns about alleged " steel dumping" — the selling of steel into the Canadian market at ultra-low prices.
"EVR is working to improve efficiency and reduce costs across our business to ensure our company is globally competitive," Stannell said.
He said "most" of the employees in the cut jobs were reallocated into other vacant positions within the company, but not all. Workers who were not placed into another position are receiving support, he said.
The company's website said it employs more than 5,000 people.
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