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Australian iron ore major Fortescue Metals Group has initiated a round of job cuts.
FMG chairman Dr Andrew Forrest
Rumours of job cuts, potentially in the thousands, have been swirling since the start of the year, though FMG executive chairman Andrew Forrest said last month there were no "wanton" job losses
Fortescue Metals will be closely watched
Fortescue lifts stake in Candente
Dividend powers record FMG share price, for now
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