Dec 9 (Reuters) - Gold miner Newmont ( NEM ) let go of

nearly a dozen managers, including a member of its executive

team, as part of a corporate overhaul, Bloomberg News reported

on Monday, citing people familiar with the matter.

The report said that the company had initiated plans to

dismiss one executive and at least 10 senior managers, as per

the people who asked not to be named.

The company also told employees that it plans to merge

several businesses, with five units being consolidated into

three, and removing standalone divisions that control operations

in Australia and Africa, instead combining them with units that

control North America and East Asia, according to the report.

Newmont ( NEM ) in February this year had said it would trim its

workforce to cut debt following its $17.14 billion acquisition

of Newcrest.

The company, which was not immediately available for a

Reuters request for comment, missed Wall Street expectations for

third-quarter profit on higher costs and lower production in

Nevada.