Mining billionaire Andrew Forrest's company, Fortescue, plans to cut 700 jobs, merge divisions, and focus on green hydrogen.
Mining billionaire Andrew Forrest's company, Fortescue, plans to cut 700 jobs and merge its mining and energy divisions as it reduces its ambition to become a major producer of green hydrogen. The company, which has been promoting green hydrogen as an emissions-free fuel since 2020, will primarily eliminate white-collar positions, focusing instead on green electricity. Fortescue aims to ensure value for shareholders through its pursuit of green hydrogen projects.
July 17, 2024
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