17
Jul
16:45
Fortescue restructures, trims focus on hydrogen
Australian miner Fortescue announced Wednesday it will cut 700 jobs by month-end, and reduce its green hydrogen focus as part of a strategy to maximise value for shareholders.
The company says it will offer redundancies across its global operations, though details were not provided. Part of the changes include the appointment of a chief financial officer, chief operating officer and company secretary, Kallanish notes.
“Fortescue remains resolute in its comm…
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Anonymous
Very good overview of the weekly steel market.
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