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AAP
AAP
Aaron Bunch

Twiggy's Fortescue slashing 700 jobs in restructure

Andrew Forrest's Fortescue says hundreds of jobs are being cut because it "must continually evolve". (Bianca De Marchi/AAP PHOTOS)

Andrew 'Twiggy' Forrest's Fortescue Group will axe 700 jobs, saying it will ensure the company remains "lean, impactful and agile".

Fortescue said it "must continually evolve" to ensure the company generates maximum value for shareholders, it said in a statement to the Australian Stock Exchange on Wednesday.

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