Fortescue slashes 700 jobs, announces board appointments
Fortescue slashes 700 jobs, announces board appointments Fortescue (ASX: FMG) will be slashing the roles of 700 employees, stating it must ‘continually evolve to ensure it remains lean and is best positioned to deliver on its strategy’. These redundancies will be finalised by the end of July and Fortescue stated it’s grateful for the contribution of those affected. Coinciding with the redundancies, Fortescue also announced the appointment of a chief financial officer, chief operating officer and company secretary. After serving 11 months in the role, acting chief financial officer Apple Paget will move into the position of group chief financial officer. Ms Paget joined...