Zambia wants Vedanta's KCM to reduce planned layoffs

30th May 2013 By: Reuters

LUSAKA – Zambia has told Konkola Copper Mines, owned by London-listed Vedanta Resources, and the country's mining unions to work together and find ways of mitigating proposed jobs cuts.

KCM said last week it will cut 2 000 jobs in Zambia to restore profits.

KCM and the unions are expected to report back to the government in not later than two weeks, the three parties said in a joint statement late on Wednesday. KCM currently employs over 8 000 people.