From The Times:
Anglo American is planning to cut between 5 and 20 percent of staff at head offices around the world, sources close to the matter said, in an effort to keep shareholders on side and respond to a commodity price rout that has hit profits.
The mining company, which employs some 151,200 staff globally, is likely to announce the cutbacks, which could affect thousands of employees, in its first-half results on July 24, they said.
“I can confirm that at group level there are major job cuts brewing,” one source close to the company said. A second source said: “They are considering a headcount cut of about 20 percent at group level and further restructuring through all divisions.”
Anglo’s major Australian assets are coal in NSW and QLD. Jobs to go. With RIO also selling its NSW assets there’ll likely be more pain under new management there as as well.
