Troy Resources terminates almost 400 workers
– following cash flow woes after shutdown
– promises to pay severance by this weekend
After days of uncertainty on the way forward, Australian mining company Troy Resources has taken a decision to dismiss almost 400 workers, a month after it suspended major parts of its operations following the death of one of its employees.
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According to an internal memo that was circulated, workers who were initially sent off were told that they would be released by the company as of this week and paid their severance by Friday, November 22.
“The Board has thus decided that all personnel currently stood down will be terminated as from this week. This decision was made with reluctance and will, nevertheless, assist employees by providing a termination pay-out.
“It is expected that Troy will go back to re-hiring employees as needed for a start-up in the near future and Troy hopes most current employees will be available and willing to return to work,” the memo further stated.
It had initially been reported that 386 workers were sent off base with their jobs in limbo until the company could decide on a way forward while the company kept over 100 of the remaining employees on the ground at its mining operations in Karouni, Region Seven (Cuyuni-Mazaruni).
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