Northland: Completed trade negotiations, 240 of 269 employees redundant
2014-10-13 14:11
(SIX) Northland Resources is announcing that the negotiations regarding organizational ended with the unions. The result is that approximately 240 of the current 269 employees will be terminated. It appears from a statement. During last week announced that Northland operations stopped indefinitely because of the company's "extremely strained liquidity." By same reason, the company announced that they are forced to terminate most of its employees. Northland believe that the company, through the organization that remains, will have the opportunity to continue to work to secure long term financing solution and try to complete ongoing discussions with financial and industrial investors. "Remaining staff will also maintain mine and processing plant in a way that allows for a smoother and more cost-effective start-up as possible, and allow for continued work on the permitting process for Sahavaara, "the. Group management will also be reduced by one position when position that has been vacant - CTO - will not be included in the new organization. Jonathan Axelsson, +46 77 8586163 mailto: jonathan.axelsson@six-group.se www.blogg.six.seSIXNews SIX News
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