Economy and macroUpdated Yesterday

BHP's cost push includes white-collar cuts

Bloomberg reports that BHP is embarking on a major cost-reduction push that will include white-collar job cuts. The detail that stands out: Bloomberg says BHP is already the lowest-cost major iron ore miner. And the push isn't confined to iron ore. People Bloomberg spoke with say other parts of the company are under scrutiny too, though the report does not confirm cuts in those areas.

1 publisher1 report

Coverage started Yesterday