Summary
COPPERTON -- Mining goliath Rio Tinto Group, parent company of Kennecott Utah Copper, said Wednesday that it plans to reduce its net debt by $10 billion by the end of 2009 and cut 14,000 jobs worldwide.
"We will have to identify some jobs for reductions. There will be layoffs," Kennecott spokeswoman Jana Kettering told the Deseret News. "We don't know exactly which roles will be eliminated."See the full content of this document
Extract
Rio Tinto to Lay Off 14,000 Worldwide
Rio Tinto officials said in a statement that the cuts will impact 8,500 contractor positions and 5,500 of its own employees. Those cuts are expected to save the company about $1.6 billion. Rio Tinto employs more than 97,000 people worldwide, not including 15,000 contractors, and has abou...
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