BHP Billiton to Cut Jobs in South Australia

Mineweb reported that BHP Billiton Ltd. (NYSE:BHP,ASX:BHP,LSE:BLT) will be reducing jobs at its operations in South Australia in an effort to cut costs.

As quoted in the market news:

The miner said some workers would be redeployed at Olympic Dam, which produces mostly copper, and that as such it was not able to provide a net estimate of job losses.

BHP said in a statement:

Over the past few months, Olympic Dam has been focussed on identifying opportunities to safely reduce costs in order to build a strong, viable business. As a result, a number of positions will be made redundant.

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