Australia's Fortescue Metals Group is cutting a 'few hundred' jobs as part of its efforts to maintain cost position, a person familiar with the matter told Reuters on Friday.
The logo of Fortescue Metals Group adorns their headquarters in Perth, Australia, November 11, 2015. REUTERS/David Gray/File Photois cutting a "few hundred" jobs as part of its efforts to maintain cost position, a person familiar with the matter told Reuters on Friday.Fortescue, the world's No.
"Projects such as Iron Bridge are coming into production phase soon, while our work in Gabon is just kicking off. As this occurs project staffing naturally ebbs and flows," the company said in an email response to Reuters.as part of a cost-cutting practice., had in mid-February, reported a drop in first-half profit due to higher operating costs that, it said, reflected significant demand for skilled labour demand across the sector.
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