Union Steps In to Fund Labrador City's Family Day After IOC Defunding
The Iron Ore Company of Canada (IOC) in Labrador City has withdrawn its financial support for the annual family day event, a popular community gathering. In response, the local union, United Steelworkers' Local 5795, has decided to fund the event themselves, allocating over $50,000 to ensure it takes place. This decision comes amidst IOC's cost-cutting measures, which include reducing capital projects, idling equipment, and cutting non-essential staff positions. The union's president, Mike Furlong, emphasized the importance of maintaining morale among workers and the community, especially as the company faces challenges in meeting production and fiscal targets due to rising costs and aging infrastructure.