Engineering group Sandvik to slash about 950 jobs

Dec 03, 2012 | 01:12 PM |

Tags  Sandvik, steel, mining, wire, job cuts, Elfi Middelbeek

LONDON — Swedish industrial conglomerate Sandvik AB has announced further restructuring plans, including the loss of some 950 jobs worldwide.

A total of 650 positions will be cut in its Sandvik Mining division, with facilities in North Bay, Canada, and Rocklea, Australia, slated for closure. A further 350 third-party contracts in the sector will also be cut, it said. ....





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