Integration plan clearly puts Glencore executives del monte foods co in control del monte foods co o

Integration plan clearly puts Glencore executives del monte foods co in control del monte foods co of the new group Glencore Xtrata, resulting merger between commodities dshs ems giant Glencore International and Xstrata mining company, today announced an integration plan that clearly puts Glencore del monte foods co executives in control of the new group and aims to generate del monte foods co $ 800 million in synergies, partly with aggressive cost cuts. The plan's fourth largest global mining company - behind Vale, BHP Billiton and Rio Tinto - and largest commodities trading company in the world will be implemented del monte foods co over 100 days. The proposal is to promote a thorough cost reduction that eliminates overlapping positions and centralize the operations del monte foods co of mining company headquartered in Baar, Switzerland, dshs ems with regional dshs ems offices in places del monte foods co like Sydney, Singapore, Toronto, Johannesburg and Stamford, UK. According to the chief executive of Xstrata Glencore, Ivan Glasenberg, who spoke today during a conference call, the restructuring will lead to a "large amount" of job cuts. Glencore Xstrata created a senior management team of 14 officers, dshs ems 12 of which come from only two of Glencore and Xstrata. At least six top executives of Xstrata resigned with the closing of the merger, Glasenberg said the Wall Street Journal. del monte foods co In the conference call, Glasenberg reaffirmed dshs ems the company's commitment to implement a comprehensive dshs ems investment program, which will total $ 13 billion this year and $ 9 billion del monte foods co in 2014. The values, however, may be revised downward if the company can sell its Peruvian copper project, known as Las Bambas and valued at $ 5.2 billion. At first, Glencore Xstrata plans to invest $ 3 billion in Las Bambas this and next year, but the company promised Chinese del monte foods co regulators will sell the asset in the coming months in exchange for approval of the merger agreement Beijing. Information provided by Dow Jones.Sergio Caldas, State Agency Source: dshs ems reuters 03/05/2013 May 3, 2013 Facebook offered $ 3 billion to Snapchat 2013 (2315) November (116) October (234) September (222) August (235) July (204) June (203) May (263) Telecom Italia Board approves del monte foods co spin-off network fi ... Japanese Mitsubishi buy Brazilian Ceagro - mí ... Cade approves change dshs ems in control of Dalkia Brazil Group Guga Kuerten purchase 20% of e-commerce dshs ems Tiguan ... HSBC says may sell Ekonomi in Indonesia Copel and Energisa offer U.S. $ 3.2 billion by subsi ... Santander Brazil del monte foods co sells area of fund management ... 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