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 production of motors and power trains for its giant electric haul trucks.
- Affected departments include Fortescue Zero.
- The company aims to reach "real zero" by 2030, with no gas or diesel burned at its Pilbara iron ore operations.
- This target requires up to 400 huge 240-tonne electric haul trucks, with half to be built by China's XCMG.
Fortescue focuses on R&D and sends manufacturing to China.
Author's summary: Fortescue cuts jobs, shifting manufacturing to China.