BHP Billiton Sacks Workers at Olympic Dam

The Sydney Morning Herald reported that BHP Billion announced more job losses to cut costs, particularly at the massive Olympic Damn project 550km north of Adelaide.

As quoted in the market news:

Olympic Dam continues to focus on reducing overheads, operating costs and non-essential expenditures to ensure it remains competitive in the current environment of sustained lower commodity prices and a strong Australian dollar,” a BHP spokeswoman said in a statement on Wednesday.

Click here to read the full Sydney Morning Herald report.