Ancap will reduce its number of employees by a third, according to the Uruguayan cement producer’s President, Marta Jara.
While the step is part of a cost-reduction programme, the company said it will keep its three cement plants operational.
Ms Jara stressed the need to "reorganise work, including automation, improving working conditions, avoiding overtime and overlapping of work."
Sign up for our Daily News Service
Our editors' pick the top news delivered to your inbox each day.
Sign up for the daily email