Anglo American Plc is planning more job cuts at corporate offices in Johannesburg and London as it restructures its business by selling assets and spinning off its platinum unit. The company has sent notices to employees who are likely to be affected,

Anglo American (OTCQX:AAUKF) (OTCQX:NGLOY) is planning more jobs cuts at corporate offices in Johannesburg and London as part of its restructuring plan, Bloomberg reported Friday. Anglo (OTCQX:AAUKF) (OTCQX:NGLOY),

ANGLO American has begun a consultation process in the United Kingdom and South Africa to cut jobs, amid a broader restructuring aimed at refocusing its operations on copper and iron ore mining, said Reuters citing an Anglo spokesperson on Thursday.

As part of the strategic overhaul, the company is set to spin off its Anglo American Platinum unit by mid-year. Bloomberg News earlier in the day reported that Anglo was planning to cut more jobs at its corporate office.