REDUNDANCIES

Lake Resources cutting jobs as lithium stabilises

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Original article by Matt Bell
The Australian – Page: 16 : 5-Mar-24

Australian-listed Lake Resources has advised that it is seeking a partner for its Kachi lithium project in Argentina, which will continue to be the company’s priority. CEO David Dickson says Lake Resources will seek expressions of interest from prospective partners, with a view to making a final investment decision on Kachi in 2025. Dickson has also indicated that Lake Resources will review its non-core assets and lithium tenements, while it will retrench about 50 per cent of its global workforce; the job cuts will be focused on non-core operational and administrative roles.

CORPORATES
LAKE RESOURCES NL – ASX LKE

WeWork announces it is cutting 2400 jobs globally

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Original article by Peter Eavis
The Age – Page: Online : 22-Nov-19

Co-working pioneer WeWork has confirmed that it will shed staff, although the initial job cuts as not as severe as some media reports had forecast. The 2,400 jobs to be shed equates to almost 20 per cent of WeWork’s global workforce. WeWork also intends to sell or shut down non-core business units, which will further reduce its global headcount by about 1,000. A similar number of employees will be transferred to JLL in December, when cleaning and building maintenance work is outsourced to the real estate services group.

CORPORATES
WEWORK, JLL

Oil, gas jobs on the skids

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Original article by Paul Garvey
The Australian – Page: 20 : 4-Feb-16

A survey of oil and gas industry executives by Norwegian consulting firm DNV GL shows that nearly 75 per cent of respondents expect the crude oil price to remain weak for some time. Meanwhile, 31 per cent indicated that they will shed staff in 2016 to reduce costs, compared with 25 per cent a year ago. The survey also found that 74 per cent of companies with a capitalisation of at least $US5bn intend to reduce their capital expenditure in 2016.

CORPORATES
DNV GL, EXXONMOBIL CORPORATION, BP PLC, WOODSIDE PETROLEUM LIMITED – ASX WPL, SANTOS LIMITED – ASX STO, BEACH ENERGY LIMITED – ASX BPT, DRILLSEARCH ENERGY LIMITED – ASX DLS

Anglo American to cut jobs and sell assets

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Original article by Sarah-Jane Tasker
The Australian – Page: 19 : 11-Dec-14

The Callide coal mine in Queensland and the Dartbrook mine in New South Wales are among the assets that Anglo American plans to divest. The global resources group will also retrench 35 per cent of its employees worldwide and aim to increase its profits by an additional $US2bn. Anglo American CEO Mark Cutifani has described 2015 as a year of "transformation" for the group

CORPORATES
ANGLO AMERICAN PLC, BHP BILLITON LIMITED – ASX BHP, RIO TINTO LIMITED – ASX RIO