Entering text into the input field will update the search result below

Glencore to cut 400-plus jobs at Australia's Hail Creek coal mine

Oct. 15, 2018 9:48 AM ETGlencore plc (GLCNF) StockGLCNF, GLNCYBy: Carl Surran, SA News Editor
  • Glencore (OTCPK:GLCNF, OTCPK:GLNCY) says it will cut ~30% of its workforce at its Hail Creek coal mine in Australia, reducing the workforce to 930 from 1,360, following a review of operations.
  • Glencore, which began operational management of Hail Creek from Aug. 1 after purchasing the mine from Rio Tinto, says it will launch a seven days on, seven days off worker rotation and reconfigure mining methods it uses at Hail Creek; it expects the process to be phased in over the next 18 months.
  • In 2017, the mine produced 9.4M metric tons of hard coking and thermal coal for export.

Recommended For You

More Trending News

About GLCNF Stock

SymbolLast Price% Chg
Market Cap
PE
Yield (TTM)
Rev Growth (YoY)
Prev. Close
Compare to Peers

Related Stocks

SymbolLast Price% Chg
GLCNF--
Glencore plc