Disappointed with 'new' Teck-Cominco

posted recently by a Community Supporter

I am disappointed that the "new" TeckCominco has completely ignored the people who live, work and play here in Trail.

Both the original smelter and community grew together, through good and bad times. Now, Teck wants to turn its back on the people of Trail and threatens to shut down and move operations elsewhere while CEOs and former CEOs cash in their formidable shares. Those shares would not have amounted to much without the sweat and sacrifice of Cominco's workers.

Indeed, the metals markets are high and this is a good time to sell shares. But, those same CEOs benefitted more than the average worker and yet, they, too, were but workers.

Ordinary shareholders should be concerned that former managers are dumping their shares at this time. These former managers are sending some disturbing signals to shareholders. What happens if more shareholders start to dump their stock?

If and when workers go back to work, it will be with a lack of respect for the mining and smelting giant. The community as well has lost respect for this company.

The community made a huge mistake cutting back the company's taxes as well as siding with it when it campaigned to defeat the referendum for a new city hall and library.

TeckCominco is no longer worthy of our consideration, respect and trust. Certainly not with the current management, anyway. Shame.

Posted in comment section by Community Supporter