[miningmx.com] – ATLAS Copco is to shed more jobs as spending cuts in the mining sector hit demand for its drill rigs and loaders, said Reuters.
There were also concerns that the sector’s downturn still has further to run. “It’s a pity but we will reduce the work force all over in the organisation for mining,” Atlas Copco’s CEO, Ronnie Leten, told Reuters.
He declined to specify the size of cuts beyond saying sales and research and development staff would be shielded. “We adjust as we go. I don’t like revolutionary, one-off adjustments,” he added in a news conference.
Click here to read the full article
