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BHP Billiton is looking at cutting thousands of jobs from its iron ore operation in Western Australia. BHP Billiton has employed external consultants1 to conduct a review in order to cut costs. The company says jobs are likely to go as a result of this, but won’t put a figure on it. The ABC understands up to 3,000 jobs could go from its iron ore division which currently employs 16,000 people. Many of the job losses though are expected to be contractors2 whose positions are coming to an end.
The talks between South African Voolworths and Australian business Solomon Lew for control of Australia’s retail3 brand has escalated4. Voolworths says it wants to buy Mr. Lew’s stake in fashion label Country Road which they jointly5 own for a premium6. The offer conditions on whether Voolworths’ takeover of David Jones goes ahead. Solomon Lew recently bought a large stake in David Jones, many believed in the market that Mr. Lew bought into David Jones to force Voolworths to buy out his Country Road shares.
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1 consultants | |
顾问( consultant的名词复数 ); 高级顾问医生,会诊医生 | |
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2 contractors | |
n.(建筑、监造中的)承包人( contractor的名词复数 ) | |
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3 retail | |
v./n.零售;adv.以零售价格 | |
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4 escalated | |
v.(使)逐步升级( escalate的过去式和过去分词 );(使)逐步扩大;(使)更高;(使)更大 | |
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5 jointly | |
ad.联合地,共同地 | |
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6 premium | |
n.加付款;赠品;adj.高级的;售价高的 | |
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7 retailers | |
零售商,零售店( retailer的名词复数 ) | |
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8 banking | |
n.银行业,银行学,金融业 | |
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