Fortescue Cuts Hundreds of Jobs
Fortescue Metals, led by Andrew Forrest, is cutting several hundred jobs in the UK and Australia.
The decision comes as the company shifts its manufacturing activities to China, including the production of motors and power trains for its giant electric haul trucks.
- The job cuts will affect Fortescue Zero.
- The company aims to reach its "real zero" target by 2030, meaning no gas or diesel will be burned at its Pilbara iron ore operations.
The target requires up to 400 huge 240 tonne electric haul trucks for transporting ore at its mines.
Half of these trucks will be built by China's XCMG, as announced a few weeks ago.
Author's summary: Fortescue cuts jobs in UK and Australia.