Credit: Shutterstock photoSaddled by the continued deterioration of theglobal market coupled with a slowing appetite from its major market importer, BHP Billiton has warned it would need to undertake more job cuts at its Australian operations.
Although no exact figures have been released yet, the job cuts could affect workers in coal mines in Queensland's Bowen Basin and at its Brisbane office.
"Against a backdrop of increasing costs and falling commodity prices, we continue to focus on reducing our overheads and operating costs," the world's biggest mining firm said in an e-mailed statement.
Read More on International Business Times
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
