Zambia president will not allow Glencore unit to lay off workers

Pulse Staff 11:34 - 04 November 2015

Zambian President Edgar Lungu speaks before attendees during the 70th session of the United Nations General Assembly at the U.N. Headquarters in New York, September 29, 2015. REUTERS/Eduardo Munoz

"I am here because of the problems in the mines. I am going to meet Mopani management from here. I cannot allow them to lay off 4,000 people,"

Zambia's president has said he will not allow Glencore's Mopani unit to lay off workers as the mining and trading company deepens cuts in copper output to support flagging prices.

"I am here because of the problems in the mines. I am going to meet Mopani management from here. I cannot allow them to lay off 4,000 people," President Edgar Lungu said on state television late on Tuesday.