In a significant move to streamline operations following its acquisition of Australian gold miner Newcrest Mining, Newmont Corporation (NEM.N) has reduced its global workforce by 16%, according to an internal memo reviewed by Reuters.
The cuts, comprising outright job eliminations, the decision not to fill existing vacancies, and adjustments to roles across various levels, are part of a broader restructuring initiative aimed at integrating the two mining giants more efficiently.
This strategic downsizing reflects Newmont’s efforts to eliminate redundancies, optimize costs, and create a more cohesive organizational structure in the wake of one of the gold industry’s largest mergers.
The company emphasized that these changes are essential to enhance operational agility and long-term shareholder value as it consolidates its position as the world’s top gold producer. Read more...
Newmont Corporation: Leading the Future of Gold Mining #FrizeMedia https://buff.ly/jWe1DFP
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