Vale Removes Top Executives Temporarily After Mine Dam Collapse - News Summed Up

Vale Removes Top Executives Temporarily After Mine Dam Collapse


São Paulo—Vale SA Chief Executive Fabio Schvartsman and other top executives of the Brazilian mining giant have been temporarily removed from their positions following a dam collapse that killed more than a 180 people. Vale said late Saturday that on Friday the company’s board of directors had received from federal and state prosecutors recommendations on the dismissal of some executives and employees at various levels of the company.


Source: Wall Street Journal March 03, 2019 11:48 UTC



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