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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