14 October
Gold miner OceanaGold has laid off 496 permanent staff, who mainly hailed from the Nueva Vizcaya and Quirino provinces of the Philippines. This is the first phase of layoffs at the company’s operations in the Phillipines. The company also terminated 400 contractual jobs. OceanaGold said it could also execute phase two of permanent layoffs next month. OceanaGold CEO Michael Holmes said that the layoffs are due to a road blockade by local government, pending the FTAA renewal, which in turn has stalled the company’s operations for the last 15 months.
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