The Canadian Press

2015-04-09 | NL IOC Layoffs

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The Iron Ore Company of Canada is laying off 150 workers indefinitely from its mine in Labrador City effective June 14th. Mayor Karen Oldford says it's the latest blow in a region hit by closures last year at Wabush Mines and Bloom Lake in Quebec. (About two thousand people work at the mine. The company says slumping iron ore prices mean it must cut costs to make production in Labrador viable.)

Date: 2015-04-09
Placeline: LABRADOR CITY, N.L.
Source: The Canadian Press
Length: 16 seconds

Transcript Prediction: << well it's very difficult times already with the with a kosher wash mine than this and Bloom Lake and the trickle-down effect in our industry so it's going to mean for more difficult times ahead for the families in those that are impacted which will be the whole community >>


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