Mining giant plans to axe white-collar jobs as early as next week to streamline operations
MELBOURNE – The world’s biggest miner, BHP Group, is poised to cut over 700 white-collar jobs, The Australian newspaper reported, adding that the process could start as early as next week.
Last week, BHP chief financial officer Peter Beaven revealed plans of cuts of up to 20 per cent to his 900-strong finance team at an internal town hall meeting, the newspaper said.
BHP’s technology group will also face cuts in workforce as part of a restructuring that could see up to 30 per cent of its 2,000-strong Australian and Singapore workforce leave the group, the report said.
The cuts are not targeted at the workforce operating BHP’s global mines but will be part of its restructuring of “functional” sections in an attempt to streamline their operations, The Australian reported.
According to an Economic Development Board online publication in October last year, BHP has around 400 people in Singapore, supporting the group’s marketing, procurement, market intelligence, freight and technology functions.
For the rest of this article: https://www.straitstimes.com/business/companies-markets/bhp-to-cut-over-700-jobs-including-in-spore-report