Glencore Cuts Further 340 South Africa Jobs as Coal Declines
- Cuts are addition to 630 positions lost at Optimum Coal unit
- Glencore plans to shut Eland platinum mine; 1,000 jobs at risk
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Glencore Plc is cutting a further 340 jobs in South Africa as the company closes depleted coal mines to withstand a downturn in commodity prices.
Glencore has eliminated 240 jobs at its South Witbank coal mine in the eastern Mpumalanga province and it plans to cut as many as 100 positions at the nearby Witcons coal-processing plant, the company said in an e-mailed response to questions on Wednesday.