SYDNEY, May 16 (Reuters) – Anglo American (AAL.L), opens new tab has suspended hiring globally, it said on Thursday, as it gets plans underway to simplify itself and build value – and avert a $43 billion takeover bid by Australia’s BHP (BHP.AX), opens new tab Group.
Anglo laid out plans on Tuesday to refocus its company on energy transition metal copper while spinning out or selling its less profitable coal, nickel, diamond and platinum businesses, as it moves to fend off the world’s biggest miner.
“Having set out the results of our strategy review and the changes we will be making to our portfolio, this is an appropriate measure,” an Anglo American spokesman told Reuters.
“Clearly there will be exceptions for critical roles.”
Reuters had earlier reported the hiring freeze based on an internal memo from Anglo, reviewed by Reuters.
The London-listed miner has rejected BHP twice, saying its proposals continue to significantly undervalue the company.
Source: REUTER
