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 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.
- 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.
Reaching "real zero" by 2030 means no gas or diesel will be burned at Pilbara iron ore operations.
Author's summary: Fortescue cuts jobs, sends manufacturing to China.