Anglo American cutting 19,000 jobs
20-02-2009
The international mining company, Anglo American, says it is cutting 19,000 jobs this year. It's just reported a 29 percent drop in net earnings for last year, and says the severity of the global economic downturn is hard to overstate. Anglo American hasn't said where the job losses will fall, but its operations are focused on southern Africa. It's the world's main platinum producer and the fourth biggest exporter of iron ore. The company also mines copper, coal and diamonds.
