Swiss commodities trader Glencore cuts 1,000 jobs

Swiss commodities giant Glencore has eliminated around 1,000 posts as part of its turnaround plan announced in August. +Get the most important news from Switzerland in your inbox At the end of last year, the Zug-based multinational had some 84,000 employees. When questioned by the AWP agency, the company declined to provide any further details about the job cuts. Nickel and zinc operations have been merged into a single business unit, while the organisational chart shows two divisions dedicated to projects in Argentina and special projects. In a videoconference, CEO Gary Nagel reiterated the company's target of achieving savings of $1 billion by the end of next year, with a good half of these savings still to be achieved by 2025. Translated from French by DeepL/mga How we work We select the most relevant news for an international audience and use automatic translation tools to translate them into English. A journalist then reviews the translation for clarity and accuracy before ... Full story here Are you the author? Previous post See more for 3.) Swissinfo Business and Economy Next post
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