Vale laying off staff company-wide to remain competitive

What’s going on at Vale?

Vale is laying off staff across all of its corporate functions.

Jeff Gaulin, the miner’s general manager of corporate affairs, wouldn’t tell Sudbury.com what the local impact would be, but said in a statement that the company is trimming its headcount globally to remain competitive.

“We are facing incredible challenges in mining with sustained low commodity prices, increasing costs, softening demand for electric vehicles, unstable global economic growth, and increasing trade tensions,” the statement reads.

According to LinkedIn, Vale employs more than 3,700 people in Canada.

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• Cargill cutting thousands of jobs as profits hit lowest levels in nearly a decade
• Ingram Micro restructuring, slashing 850 positions
• Lightspeed cuts 7% of staff, second layoff of the year

Employee support & next steps

Non-unionized employees in Canada affected by layoffs, including those at Vale, may be eligible for severance pay.

Severance can be as much as 24 months’ pay. It’s calculated using a variety of factors, including age, length of service, position at the company, and ability to find new work.

WATCH: Employment lawyer Lior Samfiru breaks down everything you need to know about severance pay on an episode of the Employment Law Show.

Key severance facts:

• Severance packages may include salary, bonuses, commissions, and other forms of compensation. Use our firm’s free Severance Pay Calculator to better understand your entitlements.
• You don’t have to accept a severance package immediately or a few days after receiving it. Employees in Canada have up to two years from the date of their termination to review and negotiate severance entitlements.
• A second opinion can make the difference. Before accepting a severance offer, have it reviewed by an experienced employment lawyer at Samfiru Tumarkin LLP

Major layoffs continue

As 2024 draws to a close, Vale isn’t the only major employer cutting jobs.

Other big names, including Rogers, General Motors, Boeing, AMD, Audi, Volkswagen, Mozilla Foundation, Visa, Meta, Nokia, and Deloitte, have also pulled out the axe.

SEE ALSO
• Salesforce to cut jobs at ‘Own’ following $2-billion acquisition
• Amazon Layoffs: Nearly 14,000 managers could be axed to cut costs
• Where are layoffs happening in Canada?

Lost your job? Contact us

If you’ve been fired or let go for any reason, contact the experienced employment law team at Samfiru Tumarkin LLP.

Our lawyers in Ontario, Alberta, and B.C. have successfully represented tens of thousands of non-unionized individuals.

In addition to severance package negotiations, we can assist you on a broad range of employment matters, including:

Contact us or call 1-855-821-5900 to get the advice you need and the compensation you deserve.

Disclaimer: The materials above are provided as general information about the rights of non-unionized employees in Canada. It is NOT specific to any one company and should NOT be read as suggesting any improper conduct on the part of any specific employer, or a relationship between Samfiru Tumarkin LLP and a specific employer.