Tungsten West plc plans to reduce “staff costs” by a further 25% at Hemerdon mine to give priority to planning, permitting, environmental compliance and funding for the project. CREDITORS Chief executive Neil Gawthorpe said that the move to save costs had followed “some difficult decisions”. The reductions will be in the form of redundancies, reduced […]
Tag: redundancies
Tungsten West expects to cut jobs by 42%
Tungsten West plc said it expected to reduce its workforce by 42% as part of cost cutting measures at Hemerdon tin-tungsten mine in Devon. SAVINGS The company forecasts redundancies and resignations will meet the targets in its nearly completed cost reduction programme which began in April 2023. “Monthly recurring payroll costs are expected to reduce […]
Capricorn plans fewer than 40 posts in the UK
Capricorn Energy plc today said that it aimed for a “substantially reduced headcount” in the United Kingdom allowing it to focus on its onshore oil assets in Egypt. REDUNDANCY PROCESS The news comes as the Edinburgh-based company’s new management starts a comprehensive strategic review of its business and the “several potential directions” for its future. […]