Noranda Inc. announced that it is cutting 300 jobs due to continued difficulties in its business. The company reported a loss for the third quarter, and attributed the problems to dropping world prices for zinc, copper and aluminum; seasonal operation shutdowns; and on an ongoing strike at its Quebec smelter.
As part of a plan to restructure its business Noranda announced 300 job cuts, including around 100 at the company’s Canadian Copper and Recycling refinery in Montreal. The Montreal plant has seen a decline in copper production at the operation.
Latest from Recycling Today
- Equipment from the former Alton Steel to be auctioned
- Novelis resumes operations in Greensboro, Georgia
- Interchange 360 to operate alternative collection program under Washington’s RRA
- Waste Pro files brief supporting pause of FMCSA CDL eligibility rule
- Kuraray America receives APR design recognition for EVOH barrier resin
- Tire Industry Project publishes end-of-life tire management guide
- Des Moines project utilizes recycled wind turbine blades
- Charter Next Generation joins US Flexible Film Initiative
