UPDATE 1-Anglo plans major job cuts, sources say, as investors push for bolder overhaul

jueves 2 de julio de 2015 08:48 GYT

* "Uncomfortable decisions" need to be taken- Investec

* Dividend or investment cuts expected

* South Africa platinum mines disposal difficult

* Glencore takeover risk rises as shares fall (Adds link to graphic on share price)

By Silvia Antonioli

LONDON, July 2 (Reuters) - Anglo American is planning to cut between 5 and 20 percent of staff at head offices around the world, sources close to the matter said, in an effort to keep shareholders on side and respond to a commodity price rout that has hit profits.

The mining company, which employs some 151,200 staff globally, is likely to announce the cutbacks, which could affect thousands of employees, in its first-half results on July 24, they said.

"I can confirm that at group level there are major job cuts brewing," one source close to the company said. A second source said: "They are considering a headcount cut of about 20 percent at group level and further restructuring through all divisions."

Anglo American declined to comment.   Continuación...