Antinuclear

Rio Tinto follows BHP’s example – restructuring – cost cutting

Rio Tinto reveals plans to ‘simplify’ company, Australian Mining  27 February, 2015 Vicky Validakis“…….The move comes after an Australian Mining exclusive last week which flagged the company was set to engage a heavy cost cutting campaign, involving renegotiation of service contracts, reduction of scheduled maintenance task times, and changes to staff pay .

An internal document leaked to Australian Mining  showed Rio Tinto iron ore chief executive Andrew Harding had outlined a series of cost cutting requirements, including an immediate hiring freeze, which he said must be performed to maintain business success.

The move by Rio to simplify its business comes after BHP Billiton undertook a similar simplification process last year…..” http://www.miningaustralia.com.au/news/rio-tinto-reveals-plans-to-simplify-company

February 28, 2015 - Posted by Christina Macpherson | General News