GREY:LRTNF - Post by User
Comment by
givemeabreak1on Apr 07, 2022 11:44pm
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RE:Layoffs
RE:Layoffs Fred
As i recall, they said the plan was to cut costs by 20%. It is a hard thing to do in mining without cutting labour costs. The three largest costs are Labour, fuel and currency. Not much you can do about fuel and currency in most cases. Yes a real smart mining company can hedge fuel and currency but not that many are all that successful at it. So the main way to cut the cost side is labour. So it would be a surprise if there are not layoffs!