Talvivaaran Kaivososakeyhtio Oyj Cancels Temporary Lay-offs In Order To Re-Start Mining


Wednesday, 17 Apr 2013 09:45am EDT 

Talvivaaran Kaivososakeyhtio Oyj announced that it terminates the temporary lay-offs it started in February 2013 in order to re-start currently suspended mining and materials handling operations during May 2013. The Company will commence mining at the Northern end of the Kuusilampi open pit, where the water level has declined such that preparations for the re-start of mining and crushing operations can commence. The open pit will continue to serve as water management safety capacity despite the commencement of preparations for re-starting mine production. The cancellation of the temporary lay-offs impacts 184 employees. Over half of the planned lay-offs have been carried out since February, as approximately 121 employees were temporarily laid off during February - April. Enquiries 

Company Quote

0.0338
-7.0E-4 -2.03%
24 Oct 2014