|
SILVER CITY, N.M. (AP) - The Tyrone Mine has sent layoff notices to 36 employees.
Mine owner Freeport-McMoRan Copper & Gold Inc. blamed market conditions, said spokesman Richard Peterson.
Most of those laid off Monday were recently hired, he said.
Last Wednesday, the company announced it was laying off 95 people at its Chino Mine.
Before the layoffs, Chino had 940 workers and Tyrone had 517, making Freeport-McMoRan the largest employer in Grant County.
The Phoenix, Ariz.-based company acquired Phelps Dodge in March 2007.
Last month, officials warned they might reduce operations because of economic conditions. Freeport-McMoRan sold more copper during the third quarter, but the average price fell from $3.53 in the third quarter of 2007 to $3.14 this year.
(Copyright 2008 by The Associated Press. All Rights Reserved.)
|
Print Story
Email to a Friend
Delicious
Digg
Reddit
Google
Newsvine
Facebook
StumbleUpon
Yahoo
