– Dear SVG team. It is with sincere and deep sorrow I must inform you that the Board of Sydvaranger Mine has no other choice than to declare the company bankrupt.
There are AT.no, a website for construction and transport who has gained access to the note. CEO Antony Beckmand in Sydvaranger Mine and owns the company Northern Iron also ask employees to report to work as usual in the days to come. He writes that all hope of continued operation is not there.
– Remember that the possibility that some can get on the path to a solution for continued operations after the company was declared bankrupt certainly present .
Beckmand writing that they have done all they can to ensure continued support from partners, but lenders have decided that an acceptable solution will be found. Therefore, the board ended up in an impossible position, and they see no solution that does not make things worse for creditors.
– These circumstances are huge disappointment for us all, writes Beckmand to their employees.
He praises the employees and what they have achieved over the years. He believes it is simply amazing.
– I hope you bear the experiences and memories of that time in their hearts for a long time to come. I have no words to express how grateful I am for the support you have given and the effort you have put in to fight for our company. It is impressive and admirable, and there is not one thing we have not tried!
Read the full CEO letter to employees here.
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