Monday, June 24, 2013

Barrick Gold Laying Off 30% of Corporate Staff Due To Slumping Gold Prices

Barrick Gold is cutting about 100 jobs to "streamline" their operations. Is this due to how low gold prices are resulting in mining companies struggling to turn a profit?

The cuts are a small portion of the 25,000 employees that Barrick has worldwide but represent its ongoing efforts to streamline during a period of falling gold prices and company-specific challenges.

Most of the corporate jobs are at Barrick's head office in Toronto, but some are at its regional offices.



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