Andrew Forrest’s Fortescue to slash 700 jobs after restructure

Fortescue has announced it will cut 700 jobs by the end of the month as it merges its energy and metals division. Chairman Andrew Forrest has defended the company's vision, adding it must "continually evolve" to remain lean. The company says it remains firm in its commitment to green technology, adding initiatives are being implemented to simplify its structure and deliver cost efficiencies.