Market Chatter: Fortescue Lays Off Around 90 Staff from Hydrogen Projects in Queensland, Western Australia, The Australian Reports

MT Newswires Live

May 14, 2025

Fortescue (ASX:FMG) laid off around 90 staff working on its hydrogen projects, across its Queensland electrolyzer facility and a hydrogen unit in Western Australia, according to a Tuesday report by the Australian.

The employees will be offered redeployment or redundancy within the firm's businesses.

A spokesperson for the firm said that it would refocus its efforts "into the research and development of new technologies," and that it needed to make "green iron" to ensure that it could "produce the large amounts of green hydrogen."

Fortescue has yet to respond to an email request for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"XJO.AU","symbol_name":"标普/澳交所 200指数","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2535061909","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2535061909","pubTimestamp":1747197390,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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