BHP Cuts Employee Incentives, Misses Performance Goals
Portfolio Pulse from Stjepan Kalinic
BHP (NYSE:BHP) announced a 20% reduction in employee incentives after missing performance goals, facing a $2.5 billion impairment charge on its nickel business, and additional costs from the Samarco dam disaster. The company also faces internal challenges, including labor issues and unmet gender balance goals.
July 05, 2024 | 3:02 pm
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BHP announced a 20% reduction in employee incentives after failing to meet performance goals, facing a $2.5 billion impairment charge on its nickel business, and additional costs from the Samarco dam disaster. The company also faces internal challenges, including labor issues and unmet gender balance goals.
The reduction in employee incentives and the significant impairment charge are likely to negatively impact BHP's stock price in the short term. Additionally, internal challenges such as labor issues and unmet gender balance goals further strain the company's operations and financials.
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