US coal boss Robert Murray: Trump ‘can’t bring jobs back’
“I suggested that he temper his expectations. Those are my exact words,” said Murray Energy founder and CEO. “He can’t bring them back.”
“I suggested that he temper his expectations. Those are my exact words,” said Murray Energy founder and CEO. “He can’t bring them back.”
The world's No.1 heavy machinery maker will shut down a facility in northeastern Iowa, to consolidate the plant’s operations with a location in Wamego, Kansas.
With oil holding steady above US$50 a barrel since December after having bottomed out to about $26 in early 2016, energy analysts say the growth of automation and other labour-saving efficiencies could hold back many jobs from returning with the economic recovery.
Cameco (NYSE:CCJ, TSX:CCO) has inflicted more pain on its payroll as Canada’s largest uranium producer struggles amid a flat market for the nuclear fuel.
VIDEO: Survey shows gold traders most bullish in a year.
Company says it was forced to lay off employees from across the business given "current market conditions."
The world's second largest miner said the job cuts at its Australian iron ore business are part of a restructuring of the division.
This is probably the headline most people who have lost their jobs in the last two years were dying to read.
With non-farm payrolls still pointing to rate hike this year, gold price sets fresh four-month low.
The company will also discontinue production of track drills.