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Rio Tinto Ltd Aims To Cut Almost Half Of Jobs At London HQ-Reuters


Monday, 29 Apr 2013 05:32pm EDT 

Reuters reported that Rio Tinto Ltd plans to almost halve the size of its London head office cutting more than 200 jobs as it tries to slash more than $5 billion in costs by the end of next year. The internal announcement said the Company aimed to reduce the number of London-based jobs to 262 from 479. It also wants cut the number of Johannesburg employees to 206 from 244, after reviews of its African operations meant it needed fewer administrative posts in South Africa.