Market volatility has resulted in more changes at FisherCast Ltd., a company vice-president told yesterday.
Senior vice-president Bill Davie said the Neal Drive plant is cutting to two shifts from three.
Nine positions were impacted by the change through reassignments of their positions, Davie said. In the employee's collective bargaining agreement workers can be "bumped," he said.
"It's part of market volatility," Davie said.
Sources close to FisherCast, who spoke on the condition of anonymity, told more detail on the reassignments.
The sources say the global diecasting giant is also currently reassigning about 10 "set up" workers -- employees with specific positions within the company, who make about $22 an hour -- to general- labourer positions that pay about $16 an hour.
Sources also say the Independent Union of Precision Diecasters has told employees "a mass layoff is planned for January."