Low iron-ore price killing jobs at Kumba

South African iron-ore major Kumba Iron Ore has taken the knife to 1 772 jobs as low iron-ore prices cut a swathe through the industry. Out of a previous complement of 572, only 221 permanent and fixed-term employees remained at head office, with the 351 head office jobs cut by the Anglo American group company in the first quarter representing a 61% reduction and a saving of R200-million a year.