Gold miner OceanaGold has undertaken the first round of permanent redundancies at its Didipio operation in the Philippines, as operations at the project remain closed.
The company said it laid off 496 permanent employees from OceanaGold Philippines (OGPI), who are predominantly from the communities of the Nueva Vizcaya and Quirino provinces.
An additional 400 people working with contractors will also be affected as a result of the layoffs.
The miner also warned that the second round of permanent lay-offs would become effective in mid-November.
According to OceanaGold, affected employees have received notices from the company.
OceanaGold president and CEO Michael Holmes said: “Today is a sad day for the Company and for the many hundreds of workers and their families whose livelihoods have been impacted by the local government blockade of the public road pending the FTAA renewal, which has constrained our ability to continue operations over the past 15 months.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData“The Company has actively participated in community-led dialogue supported by the majority of village and municipal governments along with the majority of local residents in Didipio.
“We will work as quickly and safely as we can to rehire hundreds of workers and restart operations should the FTAA be renewed or the blockade lifted. The Didipio operation looks forward to contributing to the Philippines post-COVID economic recovery. We’re ready and waiting for that opportunity.”
In April, OceanaGold resumed operations in New Zealand after the government lowered the country’s Covid-19 alert level from four to three.
Back in February 2019, OceanaGold obtained resource permits to commence operations at its Martha underground project in Waihi, New Zealand.