The Conversation (0)
Australian Mining reported today that BHP Billiton (NYSE:BHP) has said that it plans to cut roughly 100 jobs from its Perth iron ore offices as part of wider cost-cutting measures.
Australian Mining reported today that BHP Billiton (NYSE:BHP) has said that it plans to cut roughly 100 jobs from its Perth iron ore offices as part of wider cost-cutting measures.
As quoted in the publication:
Lower commodity prices play a part but the tough decisions follow on from rising operating costs, falling labour productivity issues and a high Australian dollar. Taking over as boss of BHP last May, Andrew Mackenzie wasted no time in announcing new austerity measures.Since then the company has sold several of its assets including its West Musgrave nickel project and diamond projects overseas.