South32 will axe 620 jobs in South Africa further losses will hit in Australia as falling commodity prices result in a $US1.7bn gash to half-year earningsThe BHP Billiton spin-off,South32, has signalled widespread job losses at its Australian operations after warning that falling commodity prices will lead to a $US1.7bn ($A2.37bn) hit for the latest half year. Related: End of China's commodity boom spells pain for producers with no end in sight Related: BHP Billiton shares plunge to lowest point in decade after announcing write-downs Continue reading...
Source: theguardian.com