Coal Miner in Northeast Plans to Slash Workforce by 100,000

(Beijing) – The largest state-owned coal mining company in China's northeastern region will cut its workforce by 100,000 over three months to reduce costs and improve efficiency, its chairman said on September 21.

Wang Zhikui, chairman of Heilongjiang Longmay Mining Holding Group Co. Ltd., said the firm, which now has around 240,000 employees, will make the labor cuts through layoffs, early retirements and arranging other employment.