Author: Paul Ploumis24 Jun 2014 Last updated at 07:58:02 GMT
CANBERRA (Scrap Monster): Due to the declined iron ore prices, BHP billion, Mining giant is planning to slash more jobs at its Australian iron ore unit, in a view to reduce costs. It is estimated that number of job cuts will reach up to 3,000.
The world largest miner, which has around 16,000 employees in the iron ore division has already declared earlier this year that about 170 jobs would lose at its Whaleback mine in the Pilbara iron ore belt and about 100 at the Perth Headquarters. Due to slow Chinese demand growth, Iron ore prices have slumped 31 percent this year. China is the major consumer of Australian ore.
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