Video: Gold mining faces a cliff after 2025, CRU analyst predicts
Global gold production will peak at about 3,250 tonnes (105 million oz.) next year, according to CRU's Oliver Blagden.
Metso Outotec announced that it will cut 80 white-collar positions mainly in the Minerals, Metals, and Services business areas at its Swedish operations.
In a press release, the Finnish firm said most of the layoffs would take place at its operations in the northern municipality of Skellefteå and the central municipality of Sala. However, other locations may be impacted as well.
According to Metso Outotec, management was able to convene local trade unions to negotiations concerning this restructuring and operational reduction in the Nordic country.
“The measures relate to new product strategy and business model changes and synergy targets from the Metso Outotec merger,” the company said in the press brief.
Outotec Oyj and Metso Corporation’s Minerals business merged in early 2020, with Metso shareholders owning 78% and Outotec shareholders 22% of the combined company. Back when the regulatory approvals were received, the firms said that the new entity would host 15,600 employees.
Metso Outotec provides technologies, end-to-end solutions, and services for the aggregates, minerals processing, metals refining, and recycling industries.
