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Xstrata Nickel Laid Off Employees Sub Plan Update

July 29, 2009

The Sub plan, per say, will be paid out in one lump sum on Aug 4th. You will have your regular deduction (taxes etc...).

It will affect your EI for most likely 2 weeks, but the affected weeks will be added at the end of the EI benefit period.

Any laid off employees that were laid off and still have not been permanently recalled as of July 24 will be receiving this lump sum, even if you are temporarily working elsewhere.

Those that severed will not be getting it.

Therefore the 1 million will be distributed equally among all eligible laid off employees (523) and be paid on Aug 4.

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