Fortescue Cuts Hundreds of Jobs
Fortescue Metals is cutting several hundred jobs in the UK and Australia as it shifts its manufacturing activities to China.
This decision affects Fortescue Zero and comes as the company ramps up new technologies to reach its "real zero" target by 2030.
- Cuts hundreds of jobs in the UK and Australia
- Sends manufacturing to China, including for electric haul trucks
- Aims to reach "real zero" by 2030, burning no gas or diesel at Pilbara iron ore operations
Andrew Forrest’s company will require up to 400 huge 240-tonne electric haul trucks for transporting ore at its mines, with half to be built by China’s XCMG.
Author's summary: Fortescue cuts jobs, shifts manufacturing to China.
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