Teck resources to slash 1000 more jobs, cut spending

Tue Nov 17, 2015 11:17pm EST
 
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article
[-] Text [+]

Nov 17 (Reuters) - Canadian miner Teck Resources Ltd said it would cut an additional 1,000 jobs and reduce total spending in response to persistent low commodity prices.

The miner said it would achieve a reduction of $650 million in total spending in 2016 through $350 million in capital spending cuts and $300 million in operating cost savings.

Teck Resources plans to eliminate jobs across its global offices, including senior management positions, it said in a statement on Tuesday. (Reporting by Mansi Goenka in Bengaluru; Editing by Anupama Dwivedi)