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 manufacturing activities to China.
- The move affects Fortescue Zero and is part of the company's focus on R&D.
- Manufacturing of motors and power trains for giant electric haul trucks will be sent to China.
The company aims to reach "real zero" by 2030, burning no gas or diesel at its Pilbara iron ore operations.
This target requires 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.