1
Everything Mining Industry Country Focus How to Guide
 
Intelligence on industry and mining
 
 
Back

Chile's Codelco laying off 350 supervisors amid copper price slump

By:  
 
COPPER LAY-OFFS
Chile's state-owned copper miner Codelco said on Thursday that it was laying off 350 supervisors as it cuts costs amid an extended rout in world metals prices. Codelco said it will save some $48-million annually with the 8% reduction in its supervisor payroll.
 
 
 
 
 

Latest content...

Register for daily alerts on news as it breaks in various key economic sectors - Click here to register