LONDON: Global mining giant Anglo American has announced a “radical” restructuring of the firm that will slash its workforce by almost two-thirds, as commodity prices crash on world markets.
Some of the jobs will be transferred via asset sales, although Anglo will also write off billions of dollars owing to the closure of loss-making mines.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!