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Price of iron ore calls for cuts at Fortescue

The continuing pressure on the iron ore price is now causing the Australian mining giant to make changes to its work roster in an attempt to minimize costs.

The Australian mining giant Fortescue is now reacting to the sustained pressure on the price of iron ore by changing the roster for its workers in order to cut costs, writes the company.

The announcement arrives on top of the fact that the spot price for imported iron ore to the Chinese port Tianjin recently reached the lowest level in ten years, and in the annual report for 2014 Fortescue emphasized that the company in 2015 would specifically focus on savings.

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