The company’s management attributed the reduction to failures in meeting cost and production goals in certain divisions, along with an incident that cost the live of a worker at its Saraji coal mine in Queensland in January, according to the article.
“The docking of incentives has upset some BHP employees who contacted the Australian Financial Review pointing to hiring freezes in some divisions that impacted the ability to hit targets and what they see as unrealistic internal goals,” the report said.
This is not the first time BHP trims employee incentives across the globe. In 2019, the company reduced them by 20% due to a number of operational mishaps, such as a train derailment in Western Australia in November 2018 and a fatality that also happened at the Saraji coal mine a month later.
Then chief executive Andrew Mackenzie saw his annual pay shrink by almost a quarter by the end of 2019, after other issues, including…
