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.
To contact the reporter on this story: Paul Burkhardt in Johannesburg at email@example.com
To contact the editor responsible for this story: John Viljoen at firstname.lastname@example.org