BHP Cuts Employee Incentives Amidst Missed Performance Targets

AInvestSat, Jul 6, 2024 ET

1min read

BHP --

BHP Group Limited is reducing employee incentives by 20% due to missed targets in cost, production, safety, and gender equity. The miner, which reported a significant loss after impairments in its nickel business, is slashing incentives for its entire workforce. Despite this, BHP maintains its annual production targets and holds a Moderate Buy rating with a share price target slightly below the current level.

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