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Ford decides to halt production in India, South Africa on coronavirus impact
(Reuters) – Ford Motor Co <F.N> said on Monday it has decided to temporarily halt vehicle and engine production at its factories in India, South Africa, Thailand and Vietnam in response to the growing impact of the coronavirus. In India, it began on March 21 and will be followed by other markets, the company said, […]
Newmont withdraws 2020 forecast following coronavirus outbreak
(Reuters) – Miner Newmont Corp <NEM.N> said on Monday it was withdrawing its 2020 outlook as some production could be deferred to 2021 due to the ongoing coronavirus outbreak. For the first quarter of 2020, the company now expects to produce about 1.4 million attributable gold ounces and about 325,000 co-product gold equivalent ounces, the […]
Exclusive: Indonesia targets sensitive cuts in severance pay in new bill
By Maikel Jefriando and Gayatri Suroyo JAKARTA (Reuters) – Indonesia plans to loosen rigid rules on mandatory severance compensation in a new bill aimed at improving the investment climate in Southeast Asia’s biggest economy, an official and a source with knowledge of the issue said. Labor laws are politically sensitive and in order to make […]