BHP Billiton Cuts Jobs From Perth Headquarters

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.

Click here to read the full Australian Mining article.

Get the Latest Iron Investing Stock Information

Get the latest information about companies associated with Iron Investing delivered directly to your inbox.

By selecting company or companies above, you are giving consent to receive email from those companies. And remember you can unsubscribe at any time.

“Do You Want To Know which Base Metal to Invest in 2017?”

Find out everything an investor needs to know about base metals with our all-in-one FREE market report on base metals investments.   Get My Free Report

Leave a Reply