From the SMH:
Rio Tinto is poised to cut several hundred jobs from its iron ore division in Western Australia, weeks after iron ore boss Andrew Harding sent a memo to staff warning of a “degree of urgency” to quickly achieve deep cost cuts and maintain its mantle as the world’s lowest-cost exporter to China.
Further deep cost cuts at Rio have been well flagged, and the miner is putting the heat on high-cost players around the world by drilling its world-beating production costs even further down. It exited the December quarter with cash costs just under $US17 a tonne.
Rio declined to comment. But Fairfax Media understands several hundred jobs are set to be cut.