Fortescue Cuts Hundreds of Jobs in UK and Australia
Fortescue Metals, led by Andrew Forrest, is cutting several hundred jobs in the UK and Australia as it shifts its manufacturing activities to China.
The decision affects Fortescue Zero and comes as the company ramps up new technologies to reach its "real zero" target by 2030, aiming to burn no gas or diesel at its Pilbara iron ore operations.
- Up to 400 huge 240-tonne electric haul trucks will be needed to transport ore at its mines.
- Half of these trucks will be built by China's XCMG, as announced a few weeks ago.
Fortescue aims to reach "real zero" by 2030, meaning it will burn no gas or diesel at its giant Pilbara iron ore operations.
Author's summary: Fortescue cuts jobs, shifting manufacturing to China.