Thursday, December 04, 2008

Freeport plans cuts at Morenci, Safford

More details are out on Freeport McMoRan Copper & Gold's plans on reducing production and job cuts that will result.

Production at the Morenci mine will be cut by 25%, and 50% at the Safford open-pit copper mine only began production a year ago. The number of jobs to be cut at those operations has not been determined, but will depend on how many people take voluntary early retirement or severance packages. [right, Morenci mine, May 2008]

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