BHP's Global Restructuring Sparks Changes, Job Cuts

BHP Group, the world's largest miner, is undergoing a significant global restructuring, impacting various aspects of its operations, from mine planning to sustainability efforts. The restructuring, led by CEO Mike Henry, aims to streamline operations and reduce costs. The company has already begun shedding jobs in Australia as part of these changes.

BHP stated that the restructuring aims to improve work alignment and facilitate quicker decision-making. While specific details about job cuts were not provided, the company emphasized its commitment to continuous improvement.

The move comes as BHP, like many other major miners, faces challenges such as cost inflation and softer commodity prices. Despite a recent profit slump, the company highlighted ongoing risks, particularly concerning labor costs, in its financial results.