A new long-term mining plan has been completed by Placer Dome (TSE) for the company’s high-cost Dome gold mine at Timmins, Ont., where 587 unionized Steelworkers have been on strike since May 7. The plan, being reviewed by the company’s board of directors, is designed to reduce costs at the 80-year-old mine which suffered an operating loss of $4-million in the first quarter of 1990.
The plan deals with various topics including operating costs, manpower requirements, productivity and employee relations. The miners, members of United Steelworkers of America Local 7580, remain on strike and talks are not expected to resume until the board approves the plan.
Management’s final offer, which was rejected by the union, included wages increases of 6% in the first year, followed by 5.5% and 6% in the remaining two years of a 3-year contract. The company also offered to increase pensions to $28 from $23 per month per year of service.
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