Phelps Dodge declines swing-producer role

摘要

The US-based copper producer Phelps Dodge Corp. has decided not to extend the Worker Adjustment and Retraining Notification Act notices (WARN) for some 1,065 employees at its Chino and Tyrone operations in New Mexico. The notices are scheduled to expire on August 9, but the company made its announcement at the end of last week (July 26). The move is a pretty clear indication that the company does not intend to make any further cutbacks in copper production in response to low prices. Last week, copper fell below the US