Download pdf file [PDF: 1.26 MB] - Rio Tinto

Key Negotiations Message
“We have, and will continue to, provide good wages and benefits, but we must in return achieve cost
and productivity improvements and flexible work practices.”
Short Term
• Creating a culture around performance
management
- Consistency
- Accountability
- Reliability
- Efficiency
• Consistent application of processes by
supervisors
- Attendance
- Corrective Action
- Overtime
- Drug and Alcohol Testing
• Upgrading and evaluating talent pool
• Imbedding continuous improvement as a
way of business
Long Term
Group-wide initiatives
• Additional cost reductions - 10% over 3 years
• Rationalization and consolidation
– Wilmington/Coudekerque/Boron
• Zinc borate capacity
Boron
• Boric acid capacity
• Mine optimization
• Kernite hydration/alternatives
Spain
• Port changes - Valencia to Castillion
Argentina
• Boric acid plant
• Furnace modernization
• Mine planning
• Tincalayu dry plant
• Creating a culture of interdependence.
– Increased use of teams and crossfunctional
groups
• Position ourselves to achieve more flexibility
in work practices
– Increased flexibility in job assignments
– Minimization of restrictive work
practices
• Levels of work properly focused
• Application of sustainable development
principles and philosophies
Labor
Looking ahead