Series of layoffs to come at Newmont Gold in Elko

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Updated: 9/15/2012 10:29 pm
ELKO, Nev. (KENV & -- Higher production costs have produced the first in what's expected to be a series of middle management layoffs at Newmont Gold.

According to spokesperson Mary Korpi, the cuts to salaried workers will leave the company better positioned for continued growth in gold rich northeastern Nevada. While describing the business as "healthy," Korpi cited a 15-percent increase in costs as driving the reduction, with more layoffs throughout the western region of the North American unit to follow. The company noted "less than 50 layoffs," about half Elko jobs, in a workforce of some some 3,900 in the state.
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