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(Reuters) - Fortescue will reduce about 700 jobs, or 4.5% of its global workforce, in a fresh restructuring round, the Australian miner said on Wednesday, as it appointed acting Chief Financial Officer Apple Paget as its permanent group finance chief.
The restructuring underscores a weak outlook for iron ore prices as demand from top consumer China slows further due to its struggling property sector, although recent lacklustre economic data raises hopes for further government stimulus.
It is n...
>>> Read more: Australia's Fortescue to cut about 700 jobs; appoints insider Apple Paget as CFO
The restructuring underscores a weak outlook for iron ore prices as demand from top consumer China slows further due to its struggling property sector, although recent lacklustre economic data raises hopes for further government stimulus.
It is n...
>>> Read more: Australia's Fortescue to cut about 700 jobs; appoints insider Apple Paget as CFO
