The Gold Insider » Gold Stocks http://thegoldinsider.com Buy, Sell, Invest, and Profit From Gold and Other Precious Metals! Thu, 29 Oct 2009 17:26:52 +0000 en hourly 1 http://wordpress.org/?v=3.0 Gold Mining Giant Rio Tinto Trims Jobs – Video http://thegoldinsider.com/gold-stocks/gold-mining-giant-rio-tinto-trims-jobs-video.html http://thegoldinsider.com/gold-stocks/gold-mining-giant-rio-tinto-trims-jobs-video.html#comments Thu, 11 Dec 2008 04:51:07 +0000 Rob K. Blake http://thegoldinsider.com/?p=94 Rio Tinto (NYSE: RTP), gold mining giant, announced the slashing of 14,000 jobs and the reduction of $2.5 billion in operating expenses. The layoffs are reported to save the company $1.2 billion dollars a year. This report comes on the heels of the failed buyout attempt by BHP Billiton.

Rio Tinto Layoffs

MarketWatch.com reports the CEO, Tom Albanese quoted as saying,

“Given the difficult and uncertain economic conditions, and the unprecedented rate of deterioration of our markets, our imperative is

…

]]> http://thegoldinsider.com/gold-stocks/gold-mining-giant-rio-tinto-trims-jobs-video.html/feed/ 0