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BHP Cuts Employee Incentives, Misses Performance Goals

BHP (NYSE:BHP) announced a 20% reduction in employee incentives after failing to meet its performance goals for the fiscal year. What Happened: The world's largest miner was hit with a $2.5 billion impairment charge on its nickel business in Western Australia and additional costs related to the Samarco dam disaster in Brazil. The docking of incentives upset some BHP employees, who contacted the Australian Financial Review. See Also: Anglo American’s Coal Asset Sale Faces Hurdle After Fire At Major Mine This is not the first time BHP has reduced employee incentives. In 2019, the company cut incentives by 20% following a train derailment in Western Australia and a fatality at the Saraji coal mine ...