March 23, 2015 - 1:26 PM
KAMLOOPS – One of Kamloops’ main labour employers is facing another round of cuts after a drop in oil prices has directly led to a decline in business for the energy sector industry.
On Monday, March 23, officials at Horizon North Logistics announced 46 temporary layoffs and four permanent layoffs for Kamloops employees. The 50 notices handed out this morning come on the heels of the company laying off 48 Kamloops employees in January.
The company, based in Calgary, erects temporary accommodation for work camps in remote locations. Horizon’s CEO Rod Graham said the company’s main clients are based in the energy sector.
“Unfortunately global politics have made us collateral damage,” Graham says. “We’ve got great customers but there are delays and deferrals in project timing.”
While admitting it’s a tough day for the company, Graham says he remains optimistic business will return as the oil price normalizes.
“We very much want (these employees) back and this is why it’s temporary,” he says. “We are quite hopeful that we can get them back sooner than later. Kamloops is important to Horizon North.”
To contact the reporter for this story, email Glynn Brothen at email@example.com or call 250-319-7494. To contact the editor, email firstname.lastname@example.org or call 250-718-2724.
News from © InfoTel News Ltd, 2015