By Carlo Martuscelli

Glencore PLC (GLEN.LN) said Monday that it will cut around 430 jobs at its operations at the Hail Creek coal mine in Australia.

The layoffs are the result of proposed changes to improve efficiency and productivity, the company said. It expects the reconfigurations to come into effect over the course of the next year and half, with the majority in place by the second quarter of 2019.

Write to Carlo Martuscelli at carlo.martuscelli@dowjones.com

(END) Dow Jones Newswires

October 15, 2018 05:17 ET (09:17 GMT)

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