BHP is planning to restructure its iron ore operations in Western Australia to cut costs as operating expenses rise and iron ore prices fall, media reports say. The company has already eliminated about 300 on-site positions, with further cuts expected to affect mainly office-based staff.
Western Australia Iron Ore (WAIO) employs more than 16,000 workers and contractors. In October, BHP announced cuts at its South Flank, Mining Area C, Newman and Jimblebar mines in the Pilbara. A company spokesperson said at the time that the changes were intended to maintain the contribution of its Western Australian iron ore business and that alternative roles would be sought for affected employees.
The latest plan is being pursued under chief executive Brandon Craig, who took up the role in July 2026. BHP has not disclosed how many additional positions may be eliminated.
There are no comments yet.