Arab Today, arab today bhp warns of australian job cuts
Last Updated : GMT 14:02:48
Arab Today, arab today
Arab Today, arab today

BHP warns of Australian job cuts

Arab Today, arab today

Arab Today, arab today BHP warns of Australian job cuts

Canberra - AFP

Global mining giant BHP Billiton warned Thursday of job losses at its Australian operations as it grapples with China\'s slowdown and ongoing turbulence in Europe. The Anglo-Australian miner is due to report its full-year results next Wednesday and speculation is growing of a significant drop in profits due to a slump in commodity prices as Chinese demand sags. BHP has already warned of production cuts, closing a loss-making Australian coal mine in April, and said last month it would be shuffling its investment projects to minimise cash pressures, with a grim near-term outlook. It said Thursday that it continued \"to focus on reducing our overheads and operating costs across the business... against a backdrop of increasing costs and falling commodity prices,\" and jobs could be at stake. \"We don\'t intend to provide any detail about specific adjustments, but clearly there may be some impact on jobs in some areas,\" the world\'s biggest miner said in statement ahead of Wednesday\'s results briefing. BHP chief Marius Kloppers told staff last month that the company had \"continued to see evidence of a faster-than-anticipated economic slowdown\" in China as its own costs rocketed, \"impacting our profitability significantly\". Kloppers said BHP had to \"reduce our cost base, eliminating all non-essential expenditure\" and would carefully consider any future capital investment in an internal note to staff published by Australian media. BHP posted a 5.5 percent fall in first-half profits in February to US$9.4 billion largely due to price volatility and warned of weakening conditions in its June quarter production report. Major rival Rio Tinto reported a 22 percent slump in annual net profit to US$5.9 billion earlier this month, blaming an easing in commodity prices, and analysts are predicting a similar fall for BHP. Australia\'s central bank has predicted that resources investment, a key driver of the nation\'s world-beating economic performance, is likely to peak by 2014.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today bhp warns of australian job cuts Arab Today, arab today bhp warns of australian job cuts

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today bhp warns of australian job cuts Arab Today, arab today bhp warns of australian job cuts

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today Ryanair's O'Leary: Could ground more planes

GMT 06:49 2017 Friday ,22 September

Ryanair's O'Leary: Could ground more planes
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Huthis stage defiant rally 3 years

GMT 05:29 2017 Friday ,22 September

Huthis stage defiant rally 3 years
Arab Today, arab today Saudi Arabia to unblock internet calling apps

GMT 11:31 2017 Wednesday ,20 September

Saudi Arabia to unblock internet calling apps
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Ministry seeks to improve education

GMT 14:49 2017 Sunday ,17 September

Ministry seeks to improve education
Arab Today, arab today All eyes on May as she prepares

GMT 10:16 2017 Friday ,22 September

All eyes on May as she prepares
Arab Today, arab today Puerto Rico, Virgin Islands brace

GMT 12:01 2017 Wednesday ,20 September

Puerto Rico, Virgin Islands brace
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Mercedes pumps 1 bln euros    

GMT 06:04 2017 Friday ,22 September

Mercedes pumps 1 bln euros    
Arab Today, arab today Intel chips loaded in Waymo

GMT 14:43 2017 Wednesday ,20 September

Intel chips loaded in Waymo
Arab Today, arab today Youssra prepares for launching her  program

GMT 08:59 2017 Wednesday ,20 September

Youssra prepares for launching her program
Arab Today, arab today France hopeful of persuading Trump

GMT 06:21 2017 Wednesday ,20 September

France hopeful of persuading Trump

GMT 09:40 2017 Tuesday ,19 September

Actress Ream Hhagag prepares for a new film

GMT 18:09 2017 Thursday ,21 September

China lifts 10-year travel ban

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 19:18 2017 Monday ,18 September

5,000 'Dieselgate' deaths in Europe per year

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 18:03 2017 Thursday ,21 September

Alarm over flesh-eating ulcer cases

GMT 07:00 2017 Wednesday ,20 September

A no-frills business success

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 12:46 2017 Thursday ,21 September

Google likely to buy stake in Taiwan smartphone maker HTC

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday