Whitehaven to cut 40 Tarrawonga, Rocglen jobs
Coal miner Whitehaven Coal has warned that it would cut some 40 jobs as part of cost cutting initiatives at its Tarrawonga and Rocglen mines, in New South Wales.
Some 30 permanent positions and ten contractor roles would be made redundant, the miner said, and would impact on mine operations and maintenance staff, as well as contractors.
Whitehaven told shareholders that it was undertaking a number of cost cutting initiatives at Tarrawonga and Rocglen in an effort to battle the continued weakness in global coal prices, the unfavourable exchange rate and the increasing pressure on operating cash margins.
“While Whitehaven is a relatively low-cost operator, we are not immune to the continuing weakness in global coal prices and are continuing to review our cost base on an ongoing basis,” said MD Tony Haggarty in a statement.
“Our objective is always to keep our operations running safely, sustainably and profit- ably. The changes at Rocglen and Tarrawonga will mean that these operations remain viable at current coal prices.”
Haggarty noted that while reducing the workforce was a difficult decision to make, the review process made it clear that decisive action was needed to ensure that the opencut operations remained viable in the current price environment.
“Notwithstanding today’s announcement, Whitehaven will maintain its position as a major employer in the region with its ongoing opencut business, the world-class Narrabri underground mine and the major Maules Creek develop- ment, expected to start construction in the second half of this year,” Haggarty added.
The company currently employs some 600 people in the region.
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