The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Tasiast and Nouakchott (Mauritania), Las Palmas (Spain)
Sector
Mining / Quarrying Mining And Quarrying Mining Of Metal Ores 07.2 - Mining of non-ferrous metal ores
300 jobs Number of planned job losses
Announcement Date
10 October 2013
Employment effect (start)
25 October 2013
Foreseen end date
Description
On 10 October 2013, mining company Kinross announced its intention to cut 300 jobs as response to declining gold prices.
The job cuts will be affected across the company’s gold mining operations in Tasiast (Mauritania) as well as its administrative divisions in Nouakchott (Mauritania) and Las Palmas (Spain).
The Canadian company specialised in gold mining currently employs around 9,000 employees worldwide.
Sources
10 October 2013: Reuters
11 October 2013: Alakhbar
Citation
Eurofound (2013), Kinross, Internal restructuring in World, factsheet number 75977, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/75977.
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