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From: peppe51	1/21/2009 8:29:00 AM
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6000...BHP to cut 6,000 jobs Tuesday January 20, 10:58 pm ET By James Regan SYDNEY (Reuters) - BHP Billiton Ltd/Plc (ASX:BHP.AX - News) will cut some 6 percent of its workforce, and close its giant Ravensthorpe nickel mine in Australia with a $1.6 billion writedown, its biggest in nine years, hit by a global recession. Joining smaller rivals in downsizing to combat sinking metals prices in the economic downturn, the world's largest miner also flagged it was reducing activity at its nearby Mount Keith nickel mine. "Clearly their balance sheet is in a respectable position. But they are not immune from the commodity price environment that we're seeing, and earnings are going to suffer," said Neil Boyd-Clark, managing partner at Fortis Investment Partners. BHP Chief Financial Officer Alex Vanselow warned on Wednesday more mines could be closed given uncertainty in commodity markets, with the Australian metallurgical coal mines already slated to reduce output 10 to 15 percent. biz.yahoo.com

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