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Empresas y finanzas

Rio Tinto says to slash capex and jobs


    MELBOURNE (Reuters) - Global miner Rio Tinto , saddled with almost $40 billion in net debt, announced plans on Wednesday to cut capital spending, slash jobs and boost asset sales but said it would hold its dividend steady.

    "Rio Tinto has announced a detailed package of measures in response to the unprecedented rapidity and severity of the global economic downturn, which has caused sharp falls in commodity prices and a significantly weaker outlook," the company said.

    Rio h as been under pressure since its share price collapsed after larger rival BHP Billiton scrapped a $66 billion takeover bid for the company last month.

    (Reporting by Sonali Paul, Editing by Mark Bendeich)