Economic News/Trends and Analysis — February 8, 2010
Loss of Xstrata Kidd Metallurgical Operations Will Cost More than 4,400 Jobs, New Study says
This is according to a new study commissioned by the Timmins Economic Development Corporation, conducted by Econometric Research Limited.
In Timmins alone, the direct and indirect job loss arising from the Kidd site are estimated to be 1,162 - which pulls
The story gets worse as the ripple effect is felt across the region. The loss of 4,428 jobs from the supplier, service provider network and others would mean lost wages of approximately
"Northeastern Ontario cannot afford to lose these good, highly productive jobs," said CAW
Last year alone, Northeastern Ontario lost 17,100 jobs, and now has an unemployment rate of 9.1%, up from 5.7% a year earlier.
Earlier today, Xstrata announced a
Results of the study can be found at: http://www.caw.ca/en/8442.htm
(See 6. We Cannot Afford It)
For further information: CAW Communications, Shannon Devine, (cell) (416) 302-1699; or CAW Local 599 - Xstrata chairperson Ben LeFebvre, (cell) (705) 365-7403
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Updated 14:02 MDT, March 18, 2010 
Construction/Building
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