Rio Tinto cuts more WA iron ore jobs

Mining giant Rio Tinto is cutting more staff at its Western Australian iron ore operations.

This round of cuts will include executives at the general manager and manager level, the ABC reports.

Some positions in the company’s Perth office will be slashed as new iron ore boss Andrew Harding restructures the iron ore division.

Affected staff will be offered redundancies or transfers elsewhere in the company.

Rio was unavailable for comment at the time of publication.

Earlier this year Rio posted a $3billion loss, prompting newly appointed CEO Sam Walsh to implement austerity measures in an effort to cut $5 billion worth of expenses over the next two years.

The miner has already announced it will almost halve the size of its London based workforce, has sacked a number of coal employees, and cut senior management roles in its WA iron ore business including its chief operating and chief development officers.

According to the Wall Street Journal, the miner is getting closer to selling ist $4 billion stake in Iron Ore Canada as state owned metals company China Minmetals Corp confirmed earlier this week it is considering a bid for the asset.

Minmetals assistant president, Wang Jionghui said the company has “invested in the neighbourhood before” and that it was “familiar with the area".

Rio announced its 59 per cent stake in IOC was up for sale in March; the holding is estimated to fetch about $1.7 billion.

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