Stillwater Mining Company Lays off Employees
The layoffs will affect a number of employees. According to a press release, the layoffs are a result of the "deteriorating PGM market environment."
119 workers will be on limited pay and without work due to the layoffs that hit Stillwater Mine. This will happen at its Nye mine and Columbus smelter. About 7 percent of its total workforce, because of falling metals prices.
There are about 1,600 employees nationwide for Stillwater, with the majority in the Beartooth valley in Montana.