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Vale CEO Ferreira Plans to Boost Workforce in 2012, Folha Says

Vale SA (VALE3) plans to increase its workforce next year to “much more” than the current 126,000 employees, Folha de S. Paulo reported, citing Chief Executive Officer Murilo Ferreira.

The Brazilian iron-ore producer will determine its hiring plan by the end of this month, the newspaper said, citing Ferreira. Vale also plans to build mines in Angola and Guinea, Folha cited Ferreira as saying.

To contact the editor responsible for this story: Laura Price at lprice3@bloomberg.net

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