Newmont Cuts Management Jobs in Major Corporate Restructuring
- Quarterly results showed higher costs, weaker free cash flow
- Top gold miner’s shares have lagged this year’s gold rally
Newmont Corp. initiated plans to dismiss one executive and at least 10 senior managers.
Photographer: David Williams/BloombergThis article is for subscribers only.
Newmont Corp. let go of nearly a dozen managers, including a member of its executive team, as part of a sweeping corporate overhaul, according to people familiar with the matter.
The world’s top gold mining company initiated plans to dismiss one executive and at least 10 senior managers, the people said, asking not to be named discussing internal matters.