Layoffs at First Quantum’s Zambia Mine Upset Government

Reuters reported that the Zambian government is calling for Redundancies to be cancelled at First Quantum Minerals’ (TSX:FM) Kansanshi mine. The government stated that it had not been informed of roughly 343 layoffs, as required by law.

As quoted in the publication:

Kansanshi said in a statement on Friday 343 workers were being laid off at the mine, mainly from contracting companies building a smelter which was completed in December 2014.

The company said government officials had been told of the job losses late last year and that affected workers were employed by companies outside its control. It said every effort would nonetheless be made to redeploy them.

However, Zambia’s chief government spokesperson Chishimba Kambwili said the company had not informed the government about the planned retrenchments as required under Zambian law.

Click here to read the full Reuters article.