Rio Tinto, one of the world's biggest mining companies and a recent bid target of rival BHP Billiton, yesterday announced plans to cut 14,000 jobs and scale back its spending plans by $5bn as the global slowdown erodes demand for metals and other commodities.
Rio Tinto, one of the world's biggest mining companies and a recent bid target of rival BHP Billiton, yesterday announced plans to cut 14,000 jobs and scale back its spending plans by $5bn as the global slowdown erodes demand for metals and other commodities.
