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Anglo American plans 19,000 job cuts

world Updated: Feb 20, 2009 13:06 IST

AFP
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Mining group Anglo American said on Friday it planned to cut 19,000 jobs by the end of the year after reporting a 29 per cent fall in 2008 net earnings to 5.2 billion dollars (4.1 billion euros).

The cuts are part of an economy drive that the group hopes will result in a savings of 2.0 billion dollars a year between now and 2011.