Anglo American

Type
Internal restructuring
Country
World
Region
Location of affected unit(s)
Sector
Mining / Quarrying
Mining And Quarrying
Mining Of Coal And Lignite
05 - Mining of coal and lignite
2,700 jobs
Number of planned job losses
Job loss
Announcement Date
22 October 2009
Employment effect (start)
Foreseen end date

Description

On October 22, mining group Anglo American announced plans to cut 2700 jobs worldwide and to sell non-core assets. The cuts were blamed on the need to create a more streamlined business and they will mostly affect managerial staff. The company plans to remove a layer of management and redeploy other executives nearer to the group's mines. As of November 2009 no date has been for the implementation of the cuts, and no further information is available on the affected operations in different countries.

Sources

  • 22 October 2009: Telegraph

Citation

Eurofound (2009), Anglo American, Internal restructuring in World, factsheet number 69835, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/69835.