Up to one hundred coal miners will bear the brunt of Rio Tinto’s ( ASXLRIO) cost cutting program announced in April.
Rio Tinto boss Sam Walsh has ordered the miner’s coal, aluminium and uranium divisions to slash costs by two thirds, to meet the annual savings target of $4.8 billion. Rio will reportedly begin axing jobs this week.
Rio Tinto last reported a $2.9 billion net loss to December 31.
