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Bluejay Mining Cuts Employees: Cost-Cutting Plan

Greenland- and Finland-focused mining company, Bluejay Mining, has cut 80% of its employees in a cost-cutting strategy to save over £1.3 million annually. They have also reduced executive director's costs by 70%. The move comes after a successful funding round and aims to streamline operations and maximize value for shareholders.

by Mark Eisenberg
Mon, Feb 12, 2024 12:05pm
in Stock Market
• 2 mins read
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Bluejay Mining Cuts Employees: Cost-Cutting Plan | FinOracle

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Bluejay Mining Cuts 80% of Employees in Cost-Cutting Plan

Bluejay Mining, a Greenland- and Finland-focused mining company, has made a significant move to cut costs by laying off approximately 80% of its employees and contractors since the start of this year. In addition, the company has slashed executive director’s costs by 70%.

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