Job Cuts at Fortescue Zero
Hundreds of jobs are to be cut from Fortescue's battery-making arm, Fortescue Zero.
The decision comes after the miner chose to manufacture batteries for its haul trucks in China instead.
Background
Fortescue Zero is the battery-making division of Fortescue, a mining company.
The company had previously planned to manufacture batteries for its electric trucks in-house.
One of the Fortescue Zero battery-powered haul trucks
Reason for Job Cuts
The decision to move battery production to China has resulted in significant job losses.
- Hundreds of jobs will be cut from Fortescue Zero.
- The company had signed a $4 billion deal, but details are not provided.
Mining Magazine, established in 1909, provides technical insights and support for mine management.
Author's summary: Fortescue Zero cuts hundreds of jobs due to outsourcing battery production.