By Cecilia Jamasmie
MINING.com
Canada’s Barrick Gold’s, the world’s largest bullion producer, has decided to eliminate all of its regional managers in an effort to both oversee operations at the head office and improve performance.
According to the company’s CEO, Jamie Sokalsky, the restructuring will help the firm cut complexity and focus on generating long-term efficiency as well as lower costs, reported Sunday.
“This structure ensures that our mining leaders are able to focus their full attention on achieving the best possible operational results,” Sokalsky said in a memo to its employees, reported FT.com.