Job losses feared in BHP-Rio JV proposal

BHP Billiton has quelled concerns that a proposed tie-up with Rio Tinto's Western Australian iron ore business will lead to further job losses while one union calls for key Rio executives to resign.


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The AWU and unions like it are the poorly led "corporations" who are on bended knees. For years their ineptitude and greed has led to them being disregarded by the majority of workers in Australia, to the extent that only 16% of workers are in unions. Ultra left Julia Gillard has now thrown them a lifeline which will ultimately turn out to be fools gold. Australia has moved on and it is only Julia and her unions who haven't worked it out yet.

Having had dealings with the Chinese for over 30 years, the one thing they cannot accept is loss of face. Rejection of the Chinese deal by Rio is just that. I shall not be suprised if the future becomes increasingly difficult for this combined company in the sale of, and pricing of their raw material commodities to China.

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