Rio Tinto to Cut 14,000 Jobs, Slash Spending

Rio Tinto to Cut 14,000 Jobs, Slash Spending - FOXBusiness.com

MELBOURNE/SYDNEY,--Global miner Rio Tinto , saddled with nearly $40 billion in net debt, said it would cut 13% of its workforce, slash capital spending by more than half and sell more assets as it battles a collapse in commodity prices.