DiscussWorldIssues - Socio-Economic Religion and Political Uncensored Debate - View Single Post - Rio Tinto lays off 16,000 as profits slump by more than half

**Poeetiol** · 08-27-2009, 06:29 PM

but isn't the commdities picking up?

It will take time for orders to flow through to employment. Anyway, a lot of things remain uncertain. Mines remain mothballed and there are consolidation in this industry because of the high debt levels.

08-27-2009, 06:29 PM	#6
Poeetiol Join Date Oct 2005 Posts 352 Senior Member	but isn't the commdities picking up? It will take time for orders to flow through to employment. Anyway, a lot of things remain uncertain. Mines remain mothballed and there are consolidation in this industry because of the high debt levels.
	Quote