Labour Market Bulletin Sudbury

Labour Market Bulletin, Fourth Quarter 2005
An Analysis of the Sudbury Area Labour Market
Service Canada

An overview of the Sudbury area, which includes The City of Greater Sudbury (formerly The City of Sudbury, Nickel Centre, Onaping Falls, Rayside Balfour, Valley East, Walden, and Capreol), Sudbury East and the Espanola, Manitoulin Island areas.

Inco announced plans to acquire Falconbridge in October. The company hoped to complete the transaction by year’s end, however, the deal was delayed by regulators in the U.S. and Europe . The news is of particular interest in the Sudbury area, where the merger will have a significant impact on the community.

Labour market conditions in the Sudbury area were fairly stable in the fourth quarter. Labour Force Survey results for Greater Sudbury showed slight gains in employment. The unemployment rate dipped to 7.3% from 8.4% in the third quarter.

Advertised job vacancies declined in the fourth quarter in every occupational group except Social Science and Education, where results were stable, increasing by 2.6%. However, compared to the same time last year, the fourth quarter recorded a significant increase in job opportunities in almost every occupational group.

Highlights:

Inco Ltd. tables offer to acquire Falconbridge Ltd., a deal worth more than $12 billion.
Domtar trims 28 positions at Espanola’s pulp and paper mill.
Study finds mining industry will have to recruit 81,000 new employees in the next ten years.
Island Ford closing its two locations.
ABC taxi closes, laying off 75 employees.
Neureka closes its doors - can’t meet payroll.
Marsh Entertainment creates 50 new jobs.
Greater Sudbury Police Service to hire 14 officers.
Employment insurance claims down month-to-month and year-over-year.

The complete Labour Market Bulletin, including these Highlights, is available in Adobe Acrobat PDF format, print version (size: 330 kb)

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