Trade Resources Economy Cost Cutting Around by Rio Tinto and BHP Billiton Continues with The Pair Cutting 400 Jobs

Cost Cutting Around by Rio Tinto and BHP Billiton Continues with The Pair Cutting 400 Jobs

The Australian reported that cost cutting around the globe by Rio Tinto and BHP Billiton continues with the pair cutting 400 jobs or 75% of the workforce at their USD 6 billion plus Resolution copper JV in Arizona.

The cuts at the Rio operated project will slash the budget at the project from USD 200 million a year to USD 50 million.

Source: http://www.steelguru.com/metals_news/BHP_and_Rio_slash_400_jobs_in_Arizona_copper_venture/294106.html
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BHP and Rio Slash 400 Jobs in Arizona Copper Venture
Topics: Metallurgy