The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
(05 - 09) Mining / Quarrying 05 - Mining of coal and lignite 05 - Mining of coal and lignite 05 - Mining of coal and lignite
2,700 jobs Number of planned job losses
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://dev.eurofound.europa.eu/restructuring-events/detail/69835.
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