Barrick Gold (ABX) will reportedly lay off up to a third of corporate employees at its...

Barrick Gold (ABX) will reportedly lay off up to a third of corporate employees at its headquarters in Toronto and a few other offices. More than 400 workers are considered corporate staff, with most of them located out of Toronto. The HQ job cuts come as Barrick reduces headcount at it mine sites amid falling gold prices, and amid operational and regulatory issues.

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Comments (5)
  • User 6571511
    , contributor
    Comments (11) | Send Message
    In addition, Goldman Sachs became the latest investment bank to downgrade its gold price forecasts on Monday is written here:
    24 Jun 2013, 04:41 AM Reply Like
  • jumpnjoey77
    , contributor
    Comments (1192) | Send Message
    Canada is a power keg. Massive housing bubble and consumer debt.
    24 Jun 2013, 04:55 AM Reply Like
  • andy4767
    , contributor
    Comment (1) | Send Message
    thats great, some reaction from management. ABX stocks should rise on this news
    24 Jun 2013, 08:09 AM Reply Like
  • NightRaider
    , contributor
    Comments (39) | Send Message
    Workers could be part of the cost cutting but they cannot cut cost of production and dwindling quality of ore will eat shareholders living on dividend.
    24 Jun 2013, 09:34 AM Reply Like
  • Bobco23
    , contributor
    Comments (237) | Send Message
    We can only hope the President and CEO and the full BOD are among the 400.
    24 Jun 2013, 01:45 PM Reply Like
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