Type
Internal restructuring
Country
World
Region
Location of affected unit(s)
Sector
Mining / Quarrying
Mining And Quarrying
Other Mining And Quarrying
08 - Other mining and quarrying

6,000 jobs
Number of planned job losses
Job loss
Announcement Date
20 January 2009
Employment effect (start)
Foreseen end date

Description

Anglo-Australian mining company BHP Billiton announced plans to cut 6,000 jobs, or about 6% of its global work force. Jobs will be mainly lost in the company's Australian, Chilean and US operations. A company spokesman referred to the global economic crisis as the principal factor behind the job losses and specifically to the "unwinding of the mining boom" and the "slowing of the economy in China". 2,100 of the job losses in Australia will take place before June 2008.


Sources

Citation

Eurofound (2009), BHP Billiton, Internal restructuring in World, factsheet number 67862, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/67862.