FACTBOX: Job cuts mount as global downturn bites

Wed Dec 10, 2008 4:32am EST
 
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(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...

 
A worker collects rice at a plantation in Belcreda Gambolo, southwest of Milan in northern Italy, November 6, 2009.  REUTERS/Alessandro Garofalo
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