Yancoal axes 60 jobs

YANCOAL has cut about 17% of the workforce at the Duralie and Stratford open cut coal mines in New South Wales’ Gloucester Basin.
Yancoal axes 60 jobs Yancoal axes 60 jobs Yancoal axes 60 jobs Yancoal axes 60 jobs Yancoal axes 60 jobs

 

Blair Price

"The decision to reduce operational capacity was made to minimise losses across the operations, and is a result of the current economic environment of high operating costs and low commodity prices," a spokesman told Fairfax media.

"There will be a reduction of 60 positions from the permanent workforce."

The Newcastle Herald reports that the combined workforce was about 350 and that about

25 were axed at Duralie, with the rest from Stratford.

After posting a $A376 million loss for the first half of 2013, Yancoal last month flagged it would save about $7 million per annum in corporate costs after its merger with Gloucester Coal, which included a round of “headcount reduction”.

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