Reported 1 day ago
Gold mining company Newmont is set to implement significant job cuts as part of a cost-reduction strategy, aiming to lower expenses by $300 per ounce. The company did not disclose the specific number of job reductions, but reports suggest it could involve thousands of layoffs. This decision follows their recent acquisition of Newcrest and is intended to align them more closely with lower-cost competitors.
Source: YAHOO