[miningmx.com] – ANGLO American is to cut up to 20% of its staff at head offices throughout its global regions, said Reuters citing unnamed sources.
“I can confirm that at group level there are major job cuts brewing,” one source close to the company said. A second source said: “They are considering a headcount cut of about 20% at group level and further restructuring through all divisions.
Mark Cutifani, CEO of Anglo American, told Miningmx in an article published on June 30, that cuts would be considered in South Africa on an ongoing basis.
“We are rebuilding our business and its competitive position. Our tough reality is South Africa has a very high inflation and so to compete we have to continue to reduce our overheads and others costs,’ he said.
“Yes, as we do reshape the portfolio, there will be implications for the support structures required to support those mining operations, so an element of “right-sizing’ will be required,’ he said.
The mining company, which employs some 151,200 staff globally, is likely to announce the cutbacks, which could affect thousands of employees, in its first-half results on July 24, said Reuters citing sources.
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