Rio Tinto’s iron ore business is set to engage in a series of heavy cost cutting measures, such as renegotiation of service and supply contracts and significant reductions in warehouse inventories.
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Port jobs in the firing line as BHP review continues
An ongoing review at BHP Billiton’s iron ore operations could see thousands of jobs lost in Western Australia.
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Asciano to slash 500 jobs by the end of June
Rail and ports company Asciano will slash 500 jobs by the month’s end as it aims to save $90 million.
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Transfield cuts jobs, profit outlook
The mining downturn and sluggish resources spending has led Transfield Services to cut its profit estimates for the second time this year to as low as $62 million for the year to June.
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