www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

WORLD> Europe
Rio Tinto cuts 14,000 jobs
(Agencies)
Updated: 2008-12-10 23:38

SYDNEY – Anglo-Australian mining giant Rio Tinto will slash thousands of jobs globally to cut its debt by US$10 billion as it battles falling mineral prices and a worldwide slowdown, it said on Wednesday.

A worker works at Rio Tinto's plant at Kwinana, Australia, file photo. [Agencies]
The company said it would cut 8,500 contractor and 5,500 employee roles, as well as reduce spending and sell assets, to lower its debt by the end of 2009 to counter the speed and severity of the global financial crisis.

"Given the difficult and uncertain economic conditions, and the unprecedented rate of deterioration of our markets, our imperative is to maximise cash generation and pay down debt," chief executive Tom Albanese said.

"We will minimise our operating and capital costs to appropriately low levels until we see credible and meaningful signs of a recovery in our markets, but will retain our strategic growth options," he said in a statement.

Related readings:
 Sony to cut 16,000 jobs, largest by Asian company so far
 Dow Chemical to cut 5,000 jobs, close 20 plants
 Employers cut 533K jobs in Nov., most in 34 years
 AT&T cuts 12,000 jobs

"By taking these tough decisions now we will be well positioned when the recovery comes."

The global miner, which had been the object of a hostile takeover bid by BHP Billiton until the rival walked away from the deal last month, said it will reduce its net capital expenditure for 2009 from US$9 to US$4 billion.

"There will be impacts on projects across the board and stakeholder engagements are currently underway," the company said in a statement.

"Some projects will be cancelled and others deferred until markets recover."

The group will also reduce operating costs by at least US$2.5 billion per annum in 2010 and expand the scope of assets targeted for divestment, it said.

Asset sales of up to US$15 billion had already been slated by the company, but Rio said Wednesday this would be broadened to include "significant assets not previously highlighted for sale" without elaborating.

It was already in discussions with third parties on this issue, it added.

Rio, which employs 97,000 workers around the world including 17,000 in Australia and significant numbers in North and South America and Africa, did not specify where the job cuts, designed to produce annual cost savings of US$1.2 billion, would be located.

But it said there would be a consolidation of offices around the group, a rapid acceleration of out-sourcing of IT and procurement and a deferral of exploration and evaluation expenditure.

BHP, the world's biggest miner, walked away from its long-running campaign for Rio in late November, blaming the deepening financial crisis and falling commodity prices and citing Rio's debt levels as one concern.

Rio said its net debt was US$38.9 billion by October, down US$3.2 billion from June 30, 2008. Much of this relates to the company's US$38 billion acquisition of Canadian aluminium producer Alcan in 2007.

Albanese said while reducing debt was a key priority, the company did not have "any current need to raise equity."

Rio, the world's third biggest miner, said it was confident that the industrialisation of developing economies would continue to drive demand for metals and minerals in future years.

"The purpose of these measures announced today is to ensure that the group is well positioned to exploit this underlying trend when the global economy recovers," it said.

主站蜘蛛池模板: 青青自拍视频一区二区三区 | videosfree性欧美另类 | 国产成人一区二区三中文 | 欧美人成a视频www | 成年人在线视频免费观看 | a级毛片免费播放 | 日本免费一区二区三区三州 | 久久精品免费在线观看 | 中文字幕一区二区在线视频 | 欧美午夜激情影院 | 在线观看国产一级强片 | 好吊妞998视频免费观看在线 | 欧美色欧美亚洲高清在线视频 | 成人免费网站久久久 | 亚欧成人毛片一区二区三区四区 | 天干夜天天夜天干天ww | 色偷偷女男人的天堂亚洲网 | 欧美精品一区二区在线观看播放 | 日本精品高清一区二区不卡 | 男人的天堂免费网站 | 99久久精品国产9999高清 | 久久爰www免费人成 久久曰视频 | 国产三级小视频在线观看 | 污全彩肉肉无遮挡彩色 | 国内一区| 在线欧美精品一区二区三区 | 免费一区二区三区四区五区 | 国产精品亚洲精品日韩已满 | 久久性精品| 91精品国产欧美一区二区 | 成人午夜性a一级毛片美女 成人午夜亚洲影视在线观看 | 欧美老熟妇bbbb毛片 | 热e国产| 高清午夜线观看免费 | 美女视频免费黄的 | 久久高清免费 | 久久久久久一品道精品免费看 | 91网站网站网站在线 | 国内外成人免费视频 | 国产孕妇孕交视频在线观看 | 一个人看的日本www的免费视频 |