Miner Rio Tinto Plc. (RTPPF.PK,RIO.L,RIO,RTNTF.PK) said Thursday that 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.
The miner had said last month that Kennecott Utah Copper's Bingham Canyon Mine experienced a slide along a geotechnical fault line of its north eastern wall on April 10. Mine operations were suspended then as experts assessed the extent of the slide and impact on operations.
Rio said Thursday that these impacted employees are eligible for severance and will also receive employee assistance and access to services with the Department of Workforce Services.
The miner added that additional reductions in other parts of the business will take place later this month. At this time, Kennecott does not have the total number of employees impacted by the slide.
Kennecott is making employee preference a priority, which includes vacation time, unpaid leave and a one-time $20,000 resignation incentive for retirement eligible employees covered by the Collective Bargaining Agreement with a deadline of May 31.
RIO.AX is currently trading down 1.3 percent at A$54.36.
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