July 18, 2024 BY Elizabeth Anderson
Fortescue’s Restructuring Leads To 700 Job Cuts
Andrew Forrest, the company’s founder and executive chairman of the board, reportedly addressed 16,000 employees about the possible layoffs. Positions on the chopping block allegedly include senior management. This move comes after the company shifted its focus to the production of affordable renewable energy. Analysts believe this strategic U-turn will, however, negatively impact the company’s…
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