HWANGE Colliery Company Limited (HCCL) shareholders toyed with the idea of cutting 1 300 jobs to save the company two years ago, a report has said.
Minutes of two-day meetings of major shareholders held on October 17 and 18 indicate that one of the shareholders suggested that the company, with 2 400 workers, trim its headcount to 1 100.
Government, with about 38 percent shareholding in the company at the time, was the major shareholder.
Nicholas van Hoogstraten's Messina Investments, having about 34 percent shareholding, was the second largest shareholder.
- fingaz
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