From the AFR:
Fortescue Metals Group could slash more than 700 jobs across the Pilbara as it abandons boom time rosters in its latest bid to cut costs amid soft iron ore prices.
The nation’s third-biggest miner told its 4,000 strong Pilbara workforce on Tuesday that it was switching its plum eight days on, six days off roster in favour of a 14 days on, seven days off roster.
Analysts estimate as many as 765 jobs could be lost because the new rosters do not require as many workers to extract the same rate of production.
