Approximately 700 workers laid off from the Stillwater mine are set to benefit from a $3.5 million federal grant aimed at education and retraining. This grant will be managed by the Montana Department of Labor and Industry and is part of a broader effort to help those affected by economic disruptions following the mine’s workforce reduction.
Sibanye-Stillwater’s decision to cut about 40% of its workforce came after falling metal prices impacted revenue, resulting in a significant loss of jobs in Stillwater and Sweet Grass counties. The international conglomerate, which acquired the mine in 2017, has left the local economy reeling. Now, federal funds aim to mitigate the impact by supporting retraining initiatives.
The state labor department seeks $11.5 million through the National Dislocated Worker Grants, designed to help with education, retraining, and new workplace equipment. These funds are available to a variety of applicants, including spouses of former workers and those from businesses reliant on the mine’s presence.
Previously, Montana gained $800,000 in federal support after mill closures in Missoula County. Sam Loveridge from the Montana DLI emphasizes the potential of the grant to aid over 700 affected workers in transitioning to new jobs.
With plans to offer education and training, the grant significantly supports workers seeking to regain their previous earnings, which averaged $106,000 in mining jobs. Loveridge explained the goal is to restore workers to their former income levels by collaborating with colleges and training facilities.
Despite the $3.5 million grant, the Montana labor department continues to pursue the full $11.5 million initially requested, as they believe the complete amount is necessary for successful recovery efforts.
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