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Commodity trader Noble cuts base metals team ahead of wider restructure
Noble Group Holdings Ltd (Noble) has cut jobs in its base metals unit following coronavirus-led market disruption, a first step in broader cuts likely to be announced in a strategic review later this month, multiple sources aware of the matter said. Noble, which took over assets of the under-liquidation Noble Group Ltd in December 2018, has cut about half-a-dozen jobs from its base metals team as part of a wider restructuring plan, three sources familiar with the matter said. “The COVID-19 pandemic and its economic fallout is having an unprecedented impact on global markets and Noble Group is not immune,” a ... (full story)