Northland cross rivets – hitting the industry – evertiq.se

Northland cross rivets – hitting the industry – evertiq.se

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The mining company Northland cross rivets now, something not only means a more constrained lives in the areas around Pajala where the Company has its iron ore mine. It also teaches strike against subcontractors in various stages.

Northland stops all operations indefinitely, which is due to lack of liquidity. This also means that you are forced to lay off all staff.

– Given the extremely challenging market conditions, the Board’s decision to halt operations at this stage the only way to avoid bankruptcy, this means regrettably that many skilled and dedicated employees to leave the company. All our staff have worked hard to Northland’s best, and I am impressed by the devotion shown in these difficult times, “says CEO, Johan Balck in a press release.

For the industry this will also have an impact for suppliers operating in the mining industry. This includes both product owners in the mining equipment as well as their suppliers.

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