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Home > Sectors > Mining > Xstrata > Xstrata Nickel employees optimization plan for Sudbury Operation - January 2009

Xstrata Nickel employees optimization plan for Sudbury Operation - January 2009

Posted: January 20, 2009
By: Marc Boissonneault, Vice President, Xstrata Nickel, Sudbury Operations

Your Management Team continues to review our operations and organization in the context of deteriorating market conditions and their impact on Sudbury Operations. This review, which began when markets faltered last year, is an ongoing process and we continue to pursue ways to secure our future and create solid fundamentals for our operation. Simply put, we want to create a sustainable platform for our business that addresses our cost challenges.

We also want to make sure we do this right, meaning more time is required to thoroughly address these difficult circumstances in a way that properly examines the many complexities in our business. With this exercise still underway, we will temporarily postpone the movement of employees from Thayer Lindsley at this time. Employees at Thayer Lindsley will shift the site into care and maintenance mode. We will extend this process to March 1st.

As part of our need to reduce operating costs, please also note that employees who have elected to accept the Company’s Voluntary Early Retirement program will have an effective date of January 31st. Those few exceptions to this effective date will be contacted personally by the end of the business day Tuesday, January 20th.

We remain committed to updating you and sharing information as it is available. We will continue to work within our Vision and Values framework throughout this process with a focus on being responsible and ensuring respect for all of our stakeholders, including our employees, our unions, our suppliers and contractors, and our community.

I do appreciate that these uncertain times are difficult. Please do not lose sight of placing emphasis on the personal safety of yourself and your co-workers at all times.

Thank you.

Sincerely,

Marc Boissonneault
Vice President,
Xstrata Nickel,
Sudbury Operations

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