Anglo American Plc. to cut overhead staff

Anglo American Plc, a mining group announced restructuring and that they plan to reduce their overhead staff by a quarter and save $120 million a year. Anglo has been crticized for their top heavy management structure. They will create seven new decentralised business units.

The news article is quoted as saying:

The shake-up will result in Anglo shedding around 2,700 administrative and management jobs out of a total of 11,000.

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