Lynas to move HQ to Malaysia in cost cutting measure
Published: Wednesday, 02 July 2014
Barely a month in the job and new CEO Amanda Lacaze is making waves already. The move to streamline staff and move the company’s headquarters to Kula Lumpar makes sense financially – and with costs up 50% in Q1 year-on-year, it’s easy to see that the miner has to cut costs. But with dissent against Lynas continuing to rise in Malaysia, it may not be the easiest move the workforce will make.
Rare earths miner Lynas Corp. today announced that it will
be relocating its head office from Sydney, Australia, to Kuala
Lumpar, Malaysia, in a cost-cutting measure.
Amanda Lacaze, Lynas new CEO, said in a market update
that This streamlining of office locations is the first
in a series of initiatives...