10/12/2008 - 15:14

Rio to slash spending, axe 14,000 jobs

10/12/2008 - 15:14

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Rio Tinto plans to cut 14,000 jobs, slash its 2009 capital spending from $9 billion to $4 billion and increase asset sales in order to reduce its $38.9 billion debt by a further $10 billion by the end of next year.

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