Andrew Forrest speaks during a Leadership Matters breakfast in Perth, Australia on April 10, 2025 in Perth, Australia. “Twiggy” Forrest an Australian mining magnate, philanthropist, and founder of Fortescue Metals Group (FMG), one of the world’s largest iron ore producers. Matt Jelonek/Getty Images
Mining billionaire Andrew Forrest’s green technology arm, Fortescue Zero, will cut hundreds of jobs across its operations, including in Australia, as it abandons plans to build new trucking powertrains in Britain and shifts production to China.
The company confirmed the redundancies saying the decision forms part of a wider overhaul that will see Fortescue Zero wind back its manufacturing ambitions and concentrate instead on research and development.