According to the Financial Associated Press on February 28, BHP Billiton, the world's largest mining company, is reported to have launched a major restructuring of its global business, involving multiple departments such as mine planning, decarbonization and heritage protection, and began to lay off employees in Australia.
BHP Billiton is considering closing its WA mine
As early as February 25, relevant sources reported that BHP Billiton also said it was considering closing the WA nickel plant due to the large influx of cheap ** from Indonesia, lower-than-expected demand for battery ore and rising local costs.
BHP Billiton is understood to have more than 15,000 employees in its WA iron ore business unit alone.
According to the Australian Financial Review, under the leadership of BHP CEO Mike HenryThe company will disband several specialized teams and redistribute functions to cut costs and streamline operations.
While BHP Billiton did not say how many jobs would be affected, the Australian Financial Review reported that a number of positions related to the independent planning and technology departments and the health, safety and environment departments have been laid off. Meanwhile, thousands of employees in BHP's nickel business unit in Western Australia have been laid off.
**86%！BHP's distributable profit fell sharply
BHP's recently released results for the first half of fiscal year 2024 showed that the company's distributable profit fell sharply by 86% year-on-year. This was mainly due to the impairment of nickel mines in Western Australia and the extraordinary charges arising from increased reserves related to the Samarco dam failure. Under the pressure of performance, the company had to take measures such as layoffs to reduce costs.
Founded in 1885, BHP Billiton is a globally renowned integrated resources company headquartered in Melbourne, Australia. The company is committed to providing strong resources for global economic growth and low-carbon development, and its business covers copper, nickel, potash, iron ore and coking coal. It operates in more than 90 countries and regions around the world and employs approximately 80,000 people.
BHP's global restructuring and layoffs are an important adjustment for the company in the current economic environment. Although layoffs will have an impact on some employees, they are also necessary measures for the company to develop in the long run. I believe that with the efforts of BHP Billiton, the future will usher in a better development prospect.