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Stock impact report

Report: Barrick Gold cuts head office jobs, director Munk to step down [Seeking Alpha]

Barrick Gold Corp (ABX)  More Company Research Source: Seeking Alpha
Last barrick gold corp earnings: 10/24 05:05 pm Check Earnings Report
US:NYSE Investor Relations: barrick.com/investors/default.aspx
PDF Barrick Gold (NYSE: ABX ) is making deep cuts to its Toronto head office even before its acquisition of Randgold Resources has closed, and director Anthony Munk is resigning from the board, the Globe and Mail reports. About 95 people, more than half of ABX’s head office staff, already have been given layoff notices, according to the report, as the pace of layoffs appears to be coming faster than expected. ABX reportedly will announce Munk’s departure along with other changes to its board on Jan. 1 after the Randgold merger closes. Click to subscribe to real-time analytics on ABX Now read: 3 Big Gold Miners Look A Bit Better Now » Subscribe for full text news in your inbox [Read more]
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