South Africa Panel Approves Glencore-Xstrata Deal on Jobs Pledge
Glencore agreed to limit cuts to 80 workers or less, made up of managers and specialists, the panel said in a statement. The company placed a moratorium on 100 lower-level job losses for two years after the planned merger is approved.
The panel makes recommendations on corporate mergers and acquisitions to the Competition Tribunal for final approval.
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