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Anglo American Plc. to cut overhead staff
Oct. 22, 2009 09:56AM PST
Gem InvestingAnglo 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.
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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