Zambia president will not allow Glencore unit to lay off workers - CNBC Africa

Zambia president will not allow Glencore unit to lay off workers

Southern Africa

by Reuters 0

Zambia president will not allow Glencore unit to lay off workers. PHOTO: Reuters

Zambia's president has said he will not allow Glencore's Mopani unit to lay off workers as the mining and trading company deepens cuts in copper output to support flagging prices.

"I am here because of the problems in the mines. I am going to meet Mopani management from here. I cannot allow them to lay off 4,000 people," President Edgar Lungu said on state television late on Tuesday.

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