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First Uranium May Cut 1,850 Jobs

Investing News Network
Dec. 21, 2011 02:40PM PST
Energy Investing

Bloomberg reported First Uranium (TSX:FIU) may cut 1,850 jobs at its Ezulwini gold-uranium mine in South Africa after plans to raise output failed.

Bloomberg reported First Uranium (TSX:FIU) may cut 1,850 jobs at its Ezulwini gold-uranium mine in South Africa after plans to raise output failed.

As quoted in the market news:

The cuts, equivalent to about half the operation’s workers, are needed to curb operating losses, First Uranium said today.

Click here to read the full Bloomberg report.

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