Anglo American says to cut staff by almost two-thirds

GMT 11:35 2015 Tuesday ,08 December

Arab Today, arab today Anglo American says to cut staff by almost two-thirds

Mining giant Anglo
London - Arab Today

Mining giant Anglo American on Tuesday said it plans to slash its workforce by almost two-thirds, from 135,000 staff to 50,000 after 2017, under restructuring triggered by tumbling commodity prices.

The company published a graph showing the expected decline in jobs -- to 99,000 next year and 92,000 in 2017 followed by another sharp reduction -- via a combination of asset sales and internal cuts.

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