GSH like most companies sees that the work is slowing down and has decided to be proactive and downsize. Not a nice thing for everyone getting the notice but hopefully it will be short term. I work for them and they are a fair company, good crews, excellent maintenance and training is probably the best in the industry. Plus management stands behind the pilots decisions and there is no pressure .
The lack of junior mining companies raising capital on the stock market , plus the lack of our government to settle land claim issues is killing the mining industry. The fact that some operators are giving away machines for 1980 prices doesn't help us either! I spent seven years international, machines got paid US dollars and rates were good. Crews where paid in US, no cut rate operators! We have to many operators for our limited market at present.
I foresee more companies laying off or closing the doors, wasn't a great year for most operators. Maybe a purge will be good for the industry. The industry also needs to only turn out enough young pilots to fill the retiring ones.
That's my rant!!!!
