Fortescue Cuts Hundreds of Jobs
Fortescue Metals, led by Andrew Forrest, is cutting several hundred jobs in the UK and Australia.
- Jobs will be lost in Fortescue Zero.
- Manufacturing activities, including EV motor making, will be sent to China.
Fortescue aims to reach "real zero" by 2030, burning no gas or diesel at its Pilbara iron ore operations.
The company plans to use up to 400 huge 240-tonne electric haul trucks, with half to be built by China's XCMG.
Author's summary: Fortescue cuts jobs, shifting manufacturing to China.