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Rio Tinto, Xstrata Coal Divisions Announce Job Cuts

Mining companies Rio Tinto and Xstrata have announced job cuts in their respective coal divisions spurred by weak prices in the global market, rising administrative and operation costs as well as the high Australian dollar.

The miners are expected to slash 100 job posts each respectively.

Xstrata said it will merge its NSW and Queensland divisions, and then close its Brisbane office, where bulk of the job cuts would occur.

Read More on International Business Times

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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