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Gold rout forcing mining firms to slash labour costs

Cutbacks include corporate office staff and local contractors but not mine workers
Saturday, August 15, 2015 - 05:50
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REACHING THE BOTTOM: The gold mining industry has already reduced its workforce by more than a third since 2012, when gold was trading about 30 per cent above today's levels.

New York

MINERS from global giant Barrick Gold Corp to small-cap Golden Star Resources Ltd are grappling with the same dilemma as the gold rout deepens: how to reign in labour costs without sacrificing too much output and revenue.

Barrick is looking at how to do "more with less" as

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