Job Cuts at Fortescue Zero
Hundreds of jobs are to be cut from Fortescue's battery-making arm, Fortescue Zero.
The decision comes after the miner opted to have its haul trucks' batteries manufactured in China instead.
Background
Fortescue Zero is the battery-making arm of Fortescue, a mining company.
The company had previously planned to manufacture batteries for its electric trucks in-house.
Reason for Job Cuts
The move to have batteries made in China has resulted in the loss of hundreds of jobs at Fortescue Zero.
One of the Fortescue Zero battery-powered haul trucks
A $4 billion deal was previously signed by Fortescue, but details of the deal are not available.
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Mining Magazine, established in 1909 by Herbert Hoover, provides technical insights into mining operations.
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Author's summary: Fortescue Zero cuts hundreds of jobs due to outsourcing battery production.
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