BHP Restructures Australian Iron Ore Business, Plans Further Layoffs
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BHP Group plans to restructure its Australian iron ore business as part of a cost-cutting initiative to address rising costs and the pressure from falling iron ore prices. CEO Brandon Craig, who took over in July this year, has already cut 300 on-site employees in the iron ore division. Sources indicate that the company is expected to implement further layoffs, primarily affecting office staff. Currently, BHP's Western Australia iron ore division employs over 16,000 workers and contractors.
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