Kumba Iron Ore, a subsidiary of Anglo American Plc, is considering 490 job cuts due to logistics constraints affecting export of iron ore.

Kumba Iron Ore, a subsidiary of Anglo American Plc, is considering job cuts due to logistics constraints, limiting its ability to export iron ore. The company may cut around 490 jobs as a result of restructuring efforts to remain competitive and sustain its mines. These constraints are attributed to the state-owned rail and port infrastructure Kumba relies on for transport. Additionally, Kumba will review contracts with approximately 160 service providers.

February 20, 2024
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