INTERNATIONAL COAL NEWS

PWCS swings axe again

NEWCASTLE-based coal loader and exporter Port Waratah Coal Services will cut another 32 jobs.

Blair Price

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“The reductions include nine contractor, nine staff employee and 14 operator and trade roles,” PWCS said.

The redundancies were blamed on current market conditions, with both thermal and metallurgical coal prices remaining depressed.

“We recognise the impact of changes like this on people and therefore don’t make these decisions

lightly,” PWCS CEO Hennie du Plooy said.

“Industry demand for Port Waratah’s coal handling services remains high but it is important that we position our business to support the sustainability of the coal chain as a whole.”

The Kooragang Island and Carrington coal terminal operator last announced job cuts in July – with 34 positions axed.

According to the Newcastle Herald at the time, those 34 redundancies accounted for about 5% of the overall workforce.

If correct, it would mean the 66 job cuts announced this year equate to about 9.7% of the total workforce.

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