Rio Tinto sheds 14,000 jobs, budget slashed to cut net debt by $10 billion

摘要

Rio Tinto will cut 14,000 jobs and slash 2009 spending by more than half from over $9 billion to $4 billion as part of a package of measures aimed at reducing its debt by $10 billion by the end of 2009, the Anglo-Australian miner said Wednesday. The main impact of the cutbacks will be felt in their metals and iron ore segments with no details provided as to the implications for Rio's thermal and coking coal business.