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Gold/Mining/Energy : Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG

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From: Wade6/18/2010 7:09:33 AM
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Gammon Gold fires 397 Mexican mine workers

LOS ANGELES (AP) -- Gammon Gold Inc. shares tumbled Thursday after the company said it fired 397 union workers and is in the process of filing criminal charges against seven union executives in the wake of labor disruptions at its El Cubo mine in Mexico.

The Canada-based mining company said the mine has been plagued by "unacceptably low union productivity" and untenable financial demands from employees. As a result, Gammon has suspended operations at the mine indefinitely.
..more

The stock took a heavy hit yesterday.
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