Noble to close base metals, rare earth trading desks in major headcount cut – sources
Published: Wednesday, 08 April 2020
Hong Kong trading house Noble Group Holdings will close its base metals and rare earths trading desks as part of widespread board-mandated staffing cuts, informed sources told Fastmarkets.
By Archie Hunter
Noble's board is said to have agreed on a directive for a
major cut to headcount across the business, with traders
informed that they would be let go on Monday and Tuesday this
"They are blaming Covid-19 but the underlying issue is the