Global miner Anglo American said on Tuesday it aimed to slim down its workforce and warned of a delay in reaching a key return on capital target due to weaker metal prices, putting its long-term revamp strategy in doubt.
The company said by 2017 a programme of divestments and productivity improvements would leave it with around 102,000 employees and contractors, some 60,000 less than in 2013.
Chosen excerpts by Job Market Monitor. Read the whole story at Anglo American aims to cut about 60,000 jobs by 2017.
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