UPDATE 4-Anglo American to shed thousands of jobs to counter metal price slump

viernes 24 de julio de 2015 06:41 GYT
 

* Interim EBIT down 36 pct, in line with expectations

* Maintains interim dividend of $0.32 per share

* Takes non-cash impairment of $3.5 billion

* Graphic on Anglo vs peers: link.reuters.com/cyx94w (Adds details on potential new sales, reference to Lonmin job cuts)

By Silvia Antonioli

LONDON, July 24 (Reuters) - Global mining company Anglo American said on Friday it will shed thousands of jobs in the next couple of years and might put up more assets for sale as it battles an accelerating slump in metals prices that has dragged its shares down to a 13-year low.

The company posted a steep fall in first-half profit after a rout in prices of metals from platinum to iron ore, and said the next six months could be even worse.

"Quite frankly we didn't expect the commodity price rout to be so dramatic and in all likelihood the next six months are going to be even tougher," CEO Mark Cutifani said during a presentations with analysts. "We have pulled costs out of the business but we need to do more because prices continue to deteriorate."

Anglo, the fifth-biggest diversified global mining group by stock market capitalisation, said it would cut about 6,000 of its almost 13,000 office-based and other non-production roles globally, 2,000 of which will be transferred through the sale of some assets.   Continuación...