Glencore’s letter to employees…we have to restructure but options remain

The head of Glencore South Africa wrote workers today about it starting the Sec. 189A process to permanently layoff workers at its Wonderkop and Boshoek smelters.  The Lion smelter will operate two furnaces, and its workers are not in the Sec. 189A process.  Snippets from his letter:“The South African ferrochrome industry and vanadium market continues to…


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