Fortescue Metals Layoffs: Australian Iron Ore Company To Cut 'Few Hundred' Jobs, Says Report
The Australian iron ore company is cutting jobs as part of its efforts to maintain its cost position. Reports also suggest that Fortescue started laying off more than 100 workers after its 'Iron Bridge' magnetite project in the Pilbara region of Western Australia neared completion.
Australia's Fortescue Metals is likely to cut a 'few hundred' jobs, according to sources. According to a report in Reuters, the Australian iron ore company is cutting jobs as part of its efforts to maintain its cost position. Reports also suggest that Fortescue started laying off more than 100 workers after its 'Iron Bridge' magnetite project in the Pilbara region of Western Australia neared completion. The company called the layoffs "business as usual". SAP Layoffs: Enterprise Application Software Major To Cut 2.5% of Workforce, Sell Stake of Qualtrics.
Fortescue Metals To Cut ‘Few Hundred’ Jobs
Australia's Fortescue Metals to cut 'few hundred' jobs - source https://t.co/vhJW8VNeWk pic.twitter.com/HzI2smOpiE
— Reuters (@Reuters) March 10, 2023
(The above story first appeared on LatestLY on Mar 10, 2023 03:21 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).
