Vale Inco to cut 900 jobs from nickel operations
Toronto-based Vale Inco will cut around 900 jobs from its global nickel operations ``in response to ongoing challenges in the world nickel market,'' says the company.
The Rio Tinto Group will cut 14 000 jobs worldwide and reduce capital investment as part of new measures to reduce its debt amid waning demand for iron ore and other metals, the mining company said on Wednesday.