| 05.12.2008 - World No. 1 iron ore miner laying off 1,300 workers |
| From Mineweb.com: Vale, the world's largest iron ore miner, said it is laying off 1,300 workers and putting 5,500 more on paid leave, the latest sign of Brazil's exposure to the international crisis. Brazil's second-biggest firm said that the credit crisis and weak demand had led it to make the layoffs and enforced leaves, which in total account for 11 percent of its global work force of 62,000 workers..... Full Article: Source |