- Published: Tuesday, 02 August 2011 16:42
- Written by Cement Americas News
Mexico-based construction materials giant Cemex is planning to cut 6.0% of its workforce worldwide as part of a wider reorganization. Reuters reported the world's third-largest cement maker said it hopes to generate $400 million in additional cash flow by the end of 2012 through cutting costs and improving underperforming businesses. The company employs about 46,500 people across the globe and is seeking cost savings of about $260 million this year.