Rio outsources up to 800 jobs

Mining giant signs global back-office outsourcing contract with IBM.

Rio Tinto (RIO) is expected to cut between 700 and 800 jobs globally as a result of a back-office outsourcing deal with IBM, according to The Australian Financial Review.

The contract will see jobs in finance and accounting, information technology and other departments outsourced to IBM's global teams, with much of the work expected to be conducted in India, eastern Europe and South America, the AFR reported.

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