This for a start...
Rio Tinto to cut jobs and reduce debt in 2009
"Leading international mining group Rio Tinto has announced it will cut 14,000 jobs and slash operating costs and expenditure in order to reduce its net debt by US$10 billion (£6.7bn) by the end of 2009.
The actions are being taken “in response to the unprecedented rapidity and severity of the global economic downturn” and the job cuts will affect 8,500 contractor jobs and 5,500 employee roles. These cuts alone will result in a saving of $1.2bn, marginally helping to reduce the company’s overall debt of $38.9bn"
This for a start...Rio Tinto to cut jobs and reduce debt in 2009...
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