VOICED : Codelco se ajusta el cinturon
Interactive Video
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Business, Social Studies, Other
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9th - 10th Grade
•
Hard
Wayground Content
FREE Resource
Codelco, the world's largest copper producer, is implementing cost-cutting measures due to a drop in copper prices caused by reduced Chinese demand. The company aims to cut direct costs by 11%, saving $574 million. Despite these cuts, Codelco plans to maintain production levels and avoid layoffs. The Chilean economy, heavily reliant on copper prices, must also fund free higher education for poorer students as part of educational reforms.
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