Job Market Monitor
Rio Tinto
BHP and Rio Tinto in Australian – Further job cuts to come
Mining majors BHP Billiton and Rio Tinto have warned that the Australian mining industry will witness more mine closures and job losses this year due to the combination of high costs, high taxes and strong currency. BHP Billiton global coal president Dean Dalla Valle was quoted by The Sydney Morning Herald as saying that the … Continue reading
Australia / Rio Tinto suspends Gove production and cut 1 500 jobs
Mining giant Rio Tinto has suspended production at its Gove alumina refinery, in the Northern Territory, as the operation is no longer viable in a low price, high exchange rate environment. Instead, the diversified mining group would shift its focus in the region to its bauxite operations. “This is a very sad day for everyone … Continue reading
Rio Tinto / To outsource 700-800 jobs
Rio Tinto Ltd is expected to cut between 700 and 800 jobs globally as a result of a back-office outsourcing deal with IBM, according to The Australian Financial Review Continue reading
Rio Tinto in Mongolia / 2000 jobs lost
Job losses from the mining sector continue to flow with a major Rio Tinto (ASX: RIO) contractor axing some 2,000 employees at the mining giant’s Oyu Tolgoi gold and copper project in Mongolia Continue reading
Rio Tinto / At least 230 jobs in jeopardy in Sorel-Tracy
At least 230 jobs are on the line at Rio Tinto Iron & Titanium in Sorel-Tracy. The company’s management met with the union this week to present a restructuring plan that could result in significant job losses. The plan foresees cutting 75 jobs at the Montérégie-region plant between now and September, with another 155 cuts … Continue reading
Rio Tinto / Sam Walsh warns of more job cuts
Rio Tinto chief Sam Walsh on Sunday warned of more job cuts as the mining giant works to make US$5 billion in savings by the end of 2014, but he was upbeat about demand for iron ore from China. The comments follow the Anglo-Australian miner posting its first annual loss in 18 years in February, … Continue reading
Rio Tinto’s London HQ / Almost half of jobs to be cut
Mining group Rio Tinto plans to almost halve the size of its London head office, according to an internal memo seen by Reuters, cutting more than 200 jobs as it tries to slash more than $5 billion in costs by the end of next year. Rio has been reviewing high-cost office locations including London since … Continue reading
Australia – Rio close may Gove mine: 1400 jobs lost
Rio Tinto may close its Gove alumina mine in an effort to cut costs globally. The decision follows the miner’s announcement it would slash jobs at the site. At the time Frank Willsdon, Pacific’s general manager, explained that Rio is looking at ways to operate the site with fewer people. “Steadily over time, we [want … Continue reading
Europe – Rio Tinto – To cut 30% of workforce
Rio Tinto is planning to cut costs and jobs in Europe by 30 per cent by the end of 2013, a union official says after meeting with company executives. “They told us that we have to reach a reduction of costs on the order of 30 per cent. This announcement will certainly worry employees,” said … Continue reading
Australia – Rio Tinto to Cut Jobs
Rio Tinto PLC is cutting jobs at its regional headquarters in Melbourne and closing an office in Sydney as the Anglo-Australian mining giant moves to contain costs, two people familiar with the matter said Tuesday. The restructuring is the latest sign that Australia’s mining boom is running out of steam as China’s economy slows and … Continue reading
Namibia – Rio Tinto: Rössing workers face layoffs
RIO Tinto group chief executive Tom Albanese this week dropped a bombshell when he announced that employee costs across the group would be slashed by ten per cent, including at Swakopmund’s Rössing Uranium. A large chunk of the group’s employees may lose their jobs within the next three months. In the letter which Albanese wrote … Continue reading
Rio Tinto | 300 workers lose job at metal plant
The Press Association – More than 300 jobs are to be lost after mining giant Rio Tinto Alcan confirmed it will shut an aluminium smelting plant later this month. The site at Lynemouth, Northumberland opened in 1972 and employs 515 staff, alongside 111 staff who work at a power station 200 metres away. Confirming closure plans first … Continue reading
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