Rio Tinto Tasmania Smelter Inks Power Deal, To Cut Jobs
June 27 2012 - 11:01PM
Dow Jones News
By Robb M. Stewart
MELBOURNE--Rio Tinto PLC's (RIO) Bell Bay aluminum smelter on
the island of Tasmania has signed a new power supply deal with
Hydro Tasmania and plans to cut jobs and introduce business
improvements to deliver millions of dollars in cost savings, the
company said Thursday.
Bell Bay Aluminium in an emailed statement said the new power
supply agreement begins July 1 and provides improved flexibility
for the smelter until 2025.
The company said it also will reduce its organization to about
500 employees, cutting roughly 30 leadership and support roles.
Write to Robb M. Stewart at robb.stewart@wsj.com
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