Anglo American has frozen hiring worldwide after agreeing this week to simplify the mining group targeting a $43 billion bid from Australia's BHP. This is according to an internal Anglo memo seen by Reuters.
“Following yesterday's announcement of our plans to unlock significant value by simplifying our investment portfolio, it is appropriate that we impose a hiring freeze on all non-local permanent employees and contractors across all business units and corporate functions,” Monique Carter's note said. Director of People and Organization.
Anglo American on Tuesday unveiled plans to refocus on the transition metal copper while spinning off or selling its less profitable coal, nickel, diamond and platinum businesses to challenge the world's largest miner.
The London-listed mining group has rejected BHP twice, saying BHP's proposals still significantly undervalue the company.
Anglo American did not immediately respond to an email seeking comment. (Reporting by Scott Murdoch and Melanie Burton; Editing by Muralikumar Anantharaman and Christian Schmollinger)
Sylvia Plath writes for Social Post News, covering news, politics, business, technology, sport, entertainment, and lifestyle. She focuses on clear, reliable reporting and useful information, helping readers stay informed about current events, emerging trends, and stories that matter.
More Stories
Colorado Springs Could Gain Second Stop on Colorado’s Front Range Passenger Rail Line Under New Draft Plan
Amazon Prime Day Deals Still Available: More Than 130 Discounts Remain on Apple, Oura, Sony and Other Top Brands
Wealthy families take more risks when it comes to money.