BILLINGS, Mont. (AP) — Layoffs and buyouts potentially affecting about 100 workers are needed for Montana’s largest mining company to re-position itself for future growth after two foreign-expansion ventures were put on hold, the company’s chief executive officer said.

Michael “Mick” McMullen was appointed to lead the 1,700-employee Stillwater Mining Co. in December, following a corporate board takeover by disgruntled investors including former Gov. Brian Schweitzer.

Recommended Stories

Laureate purchase draws much criticism

Twin Metals mine estimate boosted 19 percent

ND wind turbine blade maker laying off 300 workers