BRIEF-Glencore Updates On Hail Creek Restructure [Reuters]
GLENCORE PLC UNSP/ADR (GLNCY)
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Source: Reuters
BRIEF-Glencore Updates On Hail Creek Restructure | Reuters 1 Min Read Oct 15 (Reuters) - Glencore PLC: * SAYS GIVES UPDATE FOR ITS HAIL CREEK OPEN CUT COAL OPERATIONS IN CENTRAL QUEENSLAND WITH AN OUTLINE OF CHANGES PROPOSED FOR THE MINE * CHANGES WILL AFFECT AROUND 30 PERCENT OF THE MINE’S CURRENT WORKFORCE * MINE’S WORKFORCE OF ABOUT 1360 WILL REDUCE TO 930 WHEN ALL CHANGES HAVE BEEN IMPLEMENTED * RECONFIGURATION TO BE PHASED IN OVER NEXT 18 MONTHS, MAJORITY OF CHANGES EXPECTED TO BE IN PLACE BY Q2 2019 Further company coverage: All quotes delayed a minimum of 15 minutes. See here for a complete list of exchanges and delays. © 2018 Reuters. All Rights Reserved. BRIEF-Glencore Updates On Hail Creek Restructure Oct 15 (Reuters) - Glencore PLC: * SAYS GIVES UPDATE FOR ITS HAIL CREEK OPEN CUT COAL OPERATIONS IN CENTRAL QUEENSLAND WITH AN OUTLINE OF CHANGES PROPOSED FOR THE MINE * CHANGES WILL AFFECT AROUND 30 PERCENT OF THE MINE’S CURRENT WORKFORCE * MINE’S WORKFORCE OF ABOUT 13
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