Fortescue’s Restructuring Leads To 700 Job Cuts LeapRate

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…

August 01, 2016 BY Valentina Kirilova

Dominic Stevens is ASX’s new CEO

The Australian Securities Exchange Ltd, (ASX) has announced that the ASX Board has appointed Mr Dominic Stevens as its Managing Director and CEO. He takes up his new role today. Since the resignation of former CEO Mr Elmer Funke Kupper, this appointment has been following a comprehensive selection process undertaken by the ASX Board with…

October 28, 2014 BY Andrew Saks-McLeod

ASIC assesses ABN AMRO with $40,000 fine for risk management failures

Australian regulatory authority ASIC conducted an investigation into a sequence of events regarding orders on ASX in November 2011, which resulted in a fiscal penalty

Tag: australian stock exchange