Caterpillar to axe 10,000 jobs over next three years
It also revised its guidance for 2015 down, saying sales and revenues for the year are now expected to be about $48 billion—$1 billion lower than the previous outlook.
Glencore’s Zambian unit plans to cut more than 3,800 jobs: government sources
Glencore's (GLEN.L) Zambian unit Mopani Copper Mines (MCM) has notified the government that it plans to lay off more than 3,800 workers due to lower metal prices and high production costs, government sources said.
Australia’s struggling unemployed GEOs ask for visa crackdown to protect jobs
The high rate of unemployment among the geoscientists responsible for Australia’s ongoing mineral wealth discoveries has led to an implored plea to the Federal Government to protect local jobs with a tightening of 457 Visa eligibility requirements for overseas geos.
Gold stays near two-week low on US jobs data, public holiday
The precious metal price remained rooted in a very narrow range as trading volumes were limited Monday, a public holiday in the US and Canada.
South Africa seals mining jobs deal, proposes platinum plan
South Africa's mining industry, unions and the government signed a broad plan on Monday to stem a wave of job losses triggered by falling commodity prices and soaring costs.
Freeport-McMoRan cuts spending, production and jobs: shares soar
The miner has responded to deteriorating market conditions by slashing spending and cutting jobs, mostly at its North American operations.
South Africa’s mining industry to sign jobs pact – govt
The country's mining ministry hopes to clinch a deal with mining companies and trade unions next week aimed at saving jobs.
Latest positive US jobs report fails to affect flat gold price
Prices of the metal have been fallen in the second half of this year as the prospect of a rate rise, the first since 2006, would lift the opportunity cost of holding bullion.
BHP Billiton axing other 380 jobs at its Olympic Dam
The cuts represent 14% of what was once a 4,300 workforce.
