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: Fortescue Zero
- Reason: Focus on R&D and manufacturing relocation to China
The company aims to reach "real zero" by 2030, burning no gas or diesel at its Pilbara iron ore operations.
To achieve this goal, Fortescue plans to deploy up to 400 huge 240-tonne electric haul trucks, with half to be built by China's XCMG.
Author's summary: Fortescue cuts jobs as it shifts manufacturing to China.
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