Vale Base Metals to make dozens of job cuts in management cull

Vale’s base metals subsidiary will let go of dozens of managers to simplify its corporate structure and improve performance, according to people familiar with the matter.

The job cuts are part of an effort to simplify the Toronto-based firm’s organisation and extend greater decision-making power to operational teams, said one of the people, who declined to speak publicly on internal discussions. Vale Base Metals didn’t provide comment while email and phone calls to its parent weren’t immediately returned.