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IBTimes reported BHP Billiton Ltd. (ASX:BHP,NYSE:BHP) and other companies are planning to lay off hundreds of workers as mines and factories shut down in Australia.
IBTimes reported BHP Billiton Ltd. (ASX:BHP,NYSE:BHP) and other companies are planning to lay off hundreds of workers as mines and factories shut down in Australia.
As quoted in the market news:
About 155 BHP workers and contractors are expected to lose their jobs as the mining giant temporarily reduces its nickel mining operations at Mt Keith in the Northern Goldfields region. The move is because of depressed prices for the metal. Most of the affected workers are in Perth.
Click here to read the full IBTimes report.