Mining.com reported that Glencore( LSE:GLEN) would eliminate eighty jobs at the Collinsville coal mine located in the northern part of the Queensland Bowen Basin.

As quoted in the market news,

The cuts, which were announced Wednesday, amount to about one-quarter of the company’s workforce.

Production will be also be reduced by two million tonnes.

The company said the cuts were being made due to difficult market conditions, which Glencore calls “historic”.

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