BHP cuts more jobs

BHP Billiton has confirmed it is cutting jobs in its iron ore division to meet lower demand for the key steelmaking ingredient.

The world's biggest miner is not confirming how many positions will go, and says the final number of redundancies will depend on how many workers can be redeployed into other roles.

"There are currently approximately 900 open roles available across the iron ore business but until the redeployment process has been completed, it is too early to say how many people will be made redundant," the company said in a statement.

BHP Billiton says the redundancies are part of a broader effort across the organisation to rein in costs amid sliding commodity prices.

"Against a backdrop of increasing costs and falling commodity prices, we continue to focus on reducing our overheads and operating costs," the company added. 

Read more at ABC news online.



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