Endomines commences employee co-operation negotiations at the Pampalo mine
Endomines AB, Stock Exchange Release 18 April 2018 at 11:15 CEST Endomines Oy commences co-operation negotiations with its whole personnel at the Pampalo mine in Ilomantsi, Finland, on reduction of workforce. The negotiations concern approximately 40 employees and according to initial estimates may at most lead to the lay-off for more than 90 days and/or termination of 32 employees on productional or economic grounds. Continuation of gold production at the Pampalo mine after September 2018 will require a sizeable investment in the deep extension of the mine. According to the Company’s