(Bloomberg) — BHP Group Ltd. will cut jobs from a continuing effort to lessen bureaucracy using a previously foreshadowed streamlining strategy, anyone knowledgeable about the matter said.
It is unclear just how many jobs will be lost or when the reductions will start, whomever said, requesting anonymity given that the move isn’t public. The changes come less than 6 weeks following mining giant announced an important shake-up from the senior management, when using the promotion of three women to key positions on its executive leadership board plus the appointment on the chief transformation officer.
Earlier Saturday, The Australian newspaper reported how the mining giant would target over 700 white-collar jobs that will be slashed after in the near future.
The newspaper said cuts to BHP’s finance team were flagged for a company meeting a couple weeks ago by Chief Financial Officer Peter Beaven. BHP’s technology team also faces a rebate of approximately 30 % of the 2000-strong team spread across Australia and Singapore, the newspaper added.
A spokesperson for BHP declined to reply to The Australian report, but said the entire process of simplifying this business and support facilities may be underway for around a year. “The job began about 12 months ago which is across functions including finance, hours, technology and external affairs,” the spokeswoman said within an emailed statement.