I know that people are concerned - don’t be - but I heard from someone pretty high up in our corporate office that they planned layoffs but that plan was abandoned, so we are safe here in Rio de Janeiro.
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Topics regarding layoffs at Vale S.A. ADS
Sudbury might get hit... No info on exactly how many they plan to lay off, but it seems to be a certainty that significant number of folks will lose their jobs... Hopefully more info will surface soon... read more
I know that my modest and humble opinion does not matter much, but I can tell you that our executives are way too greedy (today) and that is putting us all in danger here in Rio de Janeiro.
Vale is in tough spot with commodity prices so low it does not make sense to work any more - steel is super cheap and the ore is cheaper too - the Chinese are dumping it on the market, they do not care about prices, just market share and Brazil is... read more