Rio Tinto Plc. (RTPPF.PK,RIO.L,RIO,RTNTF.PK) has reportedly laid off senior employees at its Western Australian iron ore headquarters, as the miner tries to cut costs amid lower commodity prices. Roles of up to 50 middle to senior managers are said to have been made redundant.
The move is part of a restructuring initiated by Andrew Harding, the new head of the iron ore business, a month ago.
Most of the employees affected by the decision are expected to leave the company, while some may move to other divisions of the miner.
Last month, Rio said about 100 employees of Kennecott Utah Copper were notified that their roles have been impacted by Kennecott's efforts to reduce operating costs as a result of the April 10 slide.
RIO.AX is up 1.2 percent at A$54.20.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.