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Australian Mining reported that Glencore (LSE:GLEN) plans to cut seventy jobs from the Mount Owen Coal Mine, as the company plans to cut cut 800,000 tonnes from production in 2015.
Australian Mining reported that Glencore (LSE:GLEN) plans to cut seventy jobs from the Mount Owen Coal Mine, as the company plans to cut cut 800,000 tonnes from production in 2015.
As quoted in the market news,
Glencore announced earlier this year they would cut approximately 15 per cent from their Australian coal production (mostly thermal), revised to around 15 million tonnes this year, which was to result in the loss of around 120 jobs.
Recent reports state Glencore will cut 800,000 tonnes from production in 2015.