Streamlining and near-term challenges force Kennecott to eliminate 65 roles and permanently close 74 vacant positions
Nov. 4, 2015
South Jordan, Utah – Today Rio Tinto Kennecott reduced its existing support services staff by 65 jobs, moved 40 employees into alternate roles within the business and said it will not hire 74 open positions. These staff reductions impacted salaried employees who supported plant operations, and no represented employees were part of the changes announced today. The company is offering severance packages and employee assistance to employees whose roles were eliminated.
The changes reduce costs amidst a marked decline in commodity prices and a weak outlook for metals prices, and redirect the Kennecott team toward critical business needs.
“We know these decisions have personal consequences for the people involved and their families as well as the employees who remain, and we are commitment to helping everyone manage through this difficult transition,” said Nigel Steward, managing director, Rio Tinto Kennecott. “These changes are necessary to make sure our business stays strong, and we continue to contribute to the state’s economy during an especially challenging time for our industry.”
There are currently 2,000 employees working for Kennecott in Utah.
More information is available at www.riotintokennecott.com.
About Rio Tinto Kennecott
As the second largest copper producer in the United States, Rio Tinto Kennecott comprises nearly 25 percent of U.S. copper production. Kennecott’s Bingham Canyon Mine is one of the top producing copper mines in the world with production at more than 19 million tons. Rio Tinto purchased Kennecott and related facilities in 1989 and has invested more than $2 billion in modernization since that time. Kennecott has also spent more than $350 million on the cleanup of historic mining waste and $100 million on groundwater cleanup. Take a closer look at kennecott.com.
About Rio Tinto
Rio Tinto is a leading international mining group headquartered in the United Kingdom, combining Rio Tinto plc, a London and NYSE listed company, and Rio Tinto Limited, which is listed on the Australian Securities Exchange..
Rio Tinto's business is finding, mining, and processing mineral resources. Major products are aluminum, copper, diamonds, energy (coal and uranium), gold, industrial minerals (borax, titanium dioxide, salt, talc) and iron ore. Activities span the world but are strongly represented in Australia and North America with significant businesses in South America, Asia, Europe and Southern Africa. www.riotinto.com.