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.
This decision affects Fortescue Zero and comes as the company accelerates the rollout of new technologies to achieve its "real zero" target by 2030, aiming to eliminate gas and diesel use at its Pilbara iron ore operations.
- The target requires up to 400 huge 240-tonne electric haul trucks for transporting ore.
- Half of these trucks will be built by China's XCMG, as announced a few weeks ago.
Andrew Forrest’s Fortescue Metals is focusing on R&D and sending manufacturing to China.
Author's summary: Fortescue cuts jobs as it sends manufacturing to China.