2nd Jul 2014 08:31
LONDON (Alliance News) - BHP Billiton Ltd said it is considering further job cuts at its iron ore operations in Australia, according to the Business Spectator on Wednesday.
The Australian business news website said the company's iron ore unit president, Jimmy Wilson, said on Wednesday that BHP's "aspiration is to at least hold our headcount the same or reduce it while we are increasing our volumes."
Wilson added that any further job cuts would not be in response to market prices, which have dropped significantly this year in line with BHP expectations, and that there is no targeted number of layoffs, Business Spectator said.
BHP has so far cut around 100 jobs at its iron-ore division headquarters in Perth, according to the Business Spectator, while 170 jobs were cut at the company's Pilbara operations in the country during June.
In June, media reports suggested the company is planning further job cuts as it seeks to reduce costs, but at the time BHP declined to confirm an Australian Broadcasting Corp radio report that the number could reach 3,000.
The company could not immediately be contacted by Alliance News for a response.
BHP Billiton shares were up 1.2% to 1,967.00 pence, putting it in the top ten FTSE 100 risers during early trading on Wednesday.
http://www.businessspectator.com.au/news/2014/7/2/resources-and-energy/bhp-flags-more-iron-ore-job-cuts
By Tom McIvor; [email protected]; @TomMcIvor1
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