10:06 AM EST - Teck Cominco Ltd. : says it will cut 1,400 jobs around the world to help it deal with a global slump in commodity prices. The Vancouver-based company says the cuts will reducing its workforce by about 13 per cent, and will also help eliminate redundancies after its acquisition of Fording Canadian Coal last year. About 1,000 employee and 400 contractor positions will be eliminated by the end of 2009, most of the cuts coming in the first quarter. Teck Cominco Ltd.
shares T.TCK.B are trading down 48 cents at $7.12.
