BHP will restructure its Australian iron‑ore business as part of broader cost cuts to offset rising input costs and weaker iron‑ore prices, people familiar with the matter said. Brandon Craig became CEO in July. The company previously cut about 300 site workers in the iron‑ore division and expects further layoffs, mainly among office staff. BHP’s Western Australia iron‑ore unit has more than 16,000 employees and contractors.

2026-11-12

BHP will restructure its Australian iron‑ore business as part of broader cost cuts to offset rising input costs and weaker iron‑ore prices, people familiar with the matter said. Brandon Craig became CEO in July. The company previously cut about 300 site workers in the iron‑ore division and expects further layoffs, mainly among office staff. BHP’s Western Australia iron‑ore unit has more than 16,000 employees and contractors.