Anglo American halts global hiring amid BHP takeover bid
In a bid to fortify against a looming $43 billion acquisition attempt by Australia's BHP Group, Anglo American has initiated a freeze on global hiring, redirecting its focus towards streamlined operations and enhanced value creation. This move comes alongside plans to prioritize copper while divesting from less lucrative ventures. With BHP's takeover deadline looming, Anglo's strategic maneuvers signal a decisive stance in navigating the evolving landscape of mining giants.
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By Scott Murdoch and Melanie Burton
Anglo American 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 Group. Â
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