Teck posts lower profits, plans job reductions

Apr 22, 2014 | 05:09 PM | Saranya Kapur

Tags  Teck Resources, earnings report, copper, zinc, Ian Kilgour, job cuts, cost cutting, Pend Oreille Saranya Kapur

NEW YORK — Teck Resources Ltd. said it will reduce its global work force by 5 percent, or 600 jobs, after posting lower sales and earnings in the first quarter.

The action will be an "intensification" of cuts that have resulted in Canadian $345 million ($313 million) of annualized reductions to date, executive vice president and chief operating officer Ian Kilgour said during the company’s earnings conference call April 22. ....

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