Shock exit by Fortescue execs stokes job cut fears

Original article by Paul Garvey
The Australian – Page: 22 : 4-Dec-14

In a surprise move, Fortescue Metals Group (FMG) has announced the departures of high-ranking executives from the iron ore mining group. Director of developments Peter Meurs, director of health, safety, environment and security Isak Buitendag, director of shared services Peter Thomas and senior manager Kevin McCafferty have all stepped down. The news has sparked fears about job security among FMG staff, given the recent rapid fall of the iron ore price. On 3 December 2015 FMG stock gained $A0.14 to close at $A2.71

CORPORATES
FORTESCUE METALS GROUP LIMITED – ASX FMG, WORLEYPARSONS LIMITED – ASX WOR, WESTOZ FUNDS MANAGEMENT PTY LTD

Leave a comment