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 chose to manufacture batteries for its haul trucks in China instead.
- Battery production for electric trucks will be moved to China.
- The move is part of a $4 billion deal signed by Fortescue.
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Author's summary: Fortescue Zero cuts hundreds of jobs due to battery production shift.