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XTA Xstrata

963.50
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Xstrata LSE:XTA London Ordinary Share GB0031411001 ORD USD0.50
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 963.50 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Glencore Set to Lay Off Several Xstrata Managers

02/05/2013 3:00am

Dow Jones News


Xstrata (LSE:XTA)
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Glencore International PLC (GLNCY) will lay off hundreds of Xstrata PLC (XTA.LN) managers when it takes control of its rival and clears out many of the mining group's top executives, U.K. daily The Times reported on its website Wednesday, without citing specific sources.

The two groups will merge with the delisting of Xstrata shares, The Times said.

Glencore will start to slim down the combined group by selling assets and disposing of projects that it deems non-starters, The Times said.

Newspaper website: www.thetimes.co.uk

Write to Dennis Baker at dennis.baker@dowjones.com

Subscribe to WSJ: http://online.wsj.com?mod=djnwires


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