TORONTO (AP) -- Vale Inco Ltd. says it will cut about 900 jobs worldwide as it continues to restructure its operations.
The nickel miner said Tuesday the cuts focus mainly on corporate, management and business support functions. Vale Inco is the Canadian subsidiary of Brazilian mining giant Vale.
Vale Inco CEO Tito Martins says the slump in nickel prices has made the company's current operating structure unsustainable.
The company had said in December that it would cut 1,300 jobs from its global work force of about 60,000. Vale Inco was created in 2006 after Vale bought Inco Ltd.