BHP will restructure its Australian iron‑ore business as part of broader cost
cuts to offset rising input costs and weaker iron‑ore prices, people familiar
with the matter said. Brandon Craig became CEO in July. The company previously
cut about 300 site workers in the iron‑ore division and expects further layoffs,
mainly among office staff. BHP’s Western Australia iron‑ore unit has more than
16,000 employees and contractors.
