FACTBOX: Job cuts mount as global downturn bites
(Reuters) - Global miner Rio Tinto, saddled with nearly $40 billion in net debt, said on Wednesday it would cut 13 percent of its workforce, slash capital spending and boost asset sales as it battles a collapse in commodity markets.
Rio said it would reduce its global headcount by 14,000, including nearly 6 percent of its own employees and more than half its contractors.
SKF Auto 6,000 Sept 09
Stora Enso Paper 3,150 Sept 10
UPM-Kymmene Paper 1,600 Sept 10
Alitalia Airlines 3,000 Sept 15
Akzo Nobel Manufacturing 3,500 Sept 29
Daimler AG Auto 2,300 Oct 14
ONO Telecoms 1,300 Oct 24
GKN Plc Auto 1,400 Oct 27
Volvo Auto/Equipment 4,340 Sep/Oct/Nov
BASF Chemicals 1,000 Oct 30
GlaxoSmithKline Pharma 1,200 Nov/Dec
ChTPZ Group Steel pipes 4,900 Nov 07
Telekom AustriaTelecoms 1,250 Nov 10
Nokia Siemens Continued...
The future of food
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