Fortescue Metals Group has restructured rosters for mine workers at its operations in the Pilbara, in its latest move to cope with plunging iron ore prices. Fortescue said operational rosters would change from a cycle of eight days on, six days off to a cycle of two weeks on, one week off. Chief executive Nev Power said the move would help make Fortescue more resilient in an uncertain and volatile market for Australia's biggest export. "While we would prefer not to have to change what has been a successful and differentiating roster for Fortescue, we are taking steps in response to the threat of oversupply in the market over the medium term," Mr Power said in a statement. The new rosters will be in place by June 30. Fortescue said it would look at opportunities to transfer workers affected by the roster changes.
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