BHP to Shed Jobs to Deliver ‘Competitive’ Returns
Date: Apr 10, 2019
BHP is cutting jobs and in-sourcing more of its contractor workforce as part of a global process that chief executive Andrew Mackenzie believes will deliver billions of dollars of benefits for the business.
The mining major is seeking to simplify its business across back office functions such as finance, human resources, technology and external affairs.
The process has been ongoing globally for 12 months and will continue for another 12–18 months, according to a BHP spokesperson.
“Each back office sub-function is working their processes, systems and timetable separately,” the spokesperson said. “External affairs made changes last year. Finance and technology are making some changes over the next few months.”
BHP did not provide comment on how many jobs would be lost in total.
Mackenzie told reporters and analysts at a 2018 financial year results briefing last year that the company aims to “remove duplication, bureaucracy and hierarchy” to reduce costs and cycle times.
“It is about teaching people at the frontline how to look almost move by move at how they can actually do their jobs more effectively,” he said.
