The mining giant has begun with At Kumba Iron Ore, where 181 workers got notices and 141 jobs are expected to be cut.
Anglo American has chosen its South African iron ore unit to begin with planned corporate and head office jobs cuts, citing challenges in moving sufficient volumes to ports due to rail constraints.
The company also consolidated its production businesses into two regions – The Americas and Africa- Australia. Chief executive officer Duncan Wanblad announced some“As we progress through 2023, market conditions have weakened and we are still not meeting many of our internal performance targets, creating greater urgency for achieving organizational effectiveness and to reduce our business support costs,” Wednesday’s letter said, according to Bloomberg News.
Anglo American added the job cuts were tied to its plans to simplify the company’s structure, but noted it expected “very little impact on its operations.”
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