BHP Billiton’s simplification process continues, with the miner set to shed over 100 jobs from its head office in Melbourne.
BHP said the cuts would occur over the coming years, and will include moving the company’s treasury division to London.
Staff reductions at Melbourne mean BHP’s Singapore office will employee more people.
Under rules handed down in 2001 when BHP merged with Billiton, the company must keep its HQ in Melbourne, and the CEO and CFO and required to spend the majority of their time there.
“The company is in full compliance with its FIRB commitments,” a spokesman said
BHP said it would continue to consult with tis employees about the changes.
BHP has placed a renewed and aggressive emphasis on productivity and efficiency gains across its entire portfolio in an effort to simplify mining operations.
Last year the miner cut a number of jobs in iron ore, coal and nickel in a bid to bring down costs and focus on productivity.