The new normal: Rio freezes salaries and travel

Original article by Paul Garvey
The Australian – Page: 17 : 15-Jan-16

The challenging conditions in the resource sector have prompted Rio Tinto to implement new cost-cutting measures, which include putting salary increases on hold. All staff will be subject to the salary freeze, including CEO Sam Walsh, who has told staff that a rebound in commodity prices is unlikely for some time. Rio Tinto will also seek to reduce its travel expenses, while it may reduce its expenditure on consultants and contractors.

CORPORATES
RIO TINTO LIMITED – ASX RIO

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