FLSmidth to adjust workforce
Published by John Williams,
Editorial Assistant
Global Mining Review,
To improve efficiency and adapt to the anticipated business activity in 2020, FLSmidth has decided to reduce the number of employees by approximately 500 globally. The reductions will include approximately 80 situated at the headquarter in Copenhagen, Denmark, as well as another approximately 420 staff in offices around the world.
FLSmidth CEO Thomas Schulz commented: “Despite a healthy pipeline, this is an unfortunate yet necessary action given the weakening market for large capital investments in 2019 and our ongoing efforts to improve internal efficiency. In connection with 3Q19, we announced a need to make necessary business adjustments, and we take this step now to position FLSmidth for future profitable growth.”
Read the article online at: https://www.globalminingreview.com/finance-business/21012020/flsmidth-to-adjust-workforce/
You might also like
Fulcrum appoints WSP and provides an update on Sylvanite and Teck Hughes tailings projects
Fulcrum Metals plc announces the appointment of WSP Canada Inc. to advise on environmental and engineering permitting strategies, and provides an update on the company’s Sylvanite and Teck Hughes tailings projects following recent site visits.