Business

200 jobs to go at Hastings Deering, focused in CQ

Hastings Deering workshops at Port Curtis, Rockhampton.
Hastings Deering workshops at Port Curtis, Rockhampton. Chris Ison

ROCKHAMPTON and Mackay will be hit in a job slashing exercise as Hastings Deering decides to cut 200 jobs Australia wide, focusing on these two CQ sites.

In a memo to staff, the company explains it is reviewing all branches, departments and functions across Australia.

"The immediate focus will be on the Mackay and Rockhampton operations," the memo states.

"We anticipate about five per cent of the Australian (Hastings Deering) workforce is likely to be affected. This represents about 200 employees across the business."

The memo stated it was anticipated all first-round consultations regarding potential redundancies will commence from Monday June 24.

A press release issued by the company yesterday states the decision was due to a slowdown in the Australian resources industry.

Hastings Deering in Mackay.
Hastings Deering in Mackay. Lee Constable

Hastings Deering announced over the next two weeks, the company will be consulting with employees regarding a reduction of about 200 staff members from workshop and support functions across the business.

The company's coal mining support operations in Mackay and Rockhampton (primarily servicing the resources industry) will mainly be affected, although other areas of the business will also be impacted.

In the past 12 months, the Australian resources industry has experienced a significant slowdown as a result of reduced demand for resources, lower commodity prices, falls in productivity and a significant reduction in capital expenditure.

"While the group remains optimistic about the long-term outlook, anticipated customer demand is not expected to increase in the near term," Mr Scott Cameron, Managing Director, says.

"In addition, competition to provide products and services into this sector has increased."

To date, Hastings Deering's response to the downturn has involved reducing recruiting activities, adapting the workforce through selective employment freezes, changing rosters, minimising contractors and implementing more stringent cost controls.

"Despite these initiatives, costs have continued to increase. As a result, the business needs to focus on further cost reductions and productivity improvements," Mr Cameron adds.

"We appreciate that redundancies in our workforce will be unsettling and appropriate support services will be provided."

Affected employees will be consulted and the company will review alternatives to facilitate redeployment to other roles where possible.

Topics:  business, hastings deering, job cuts, jobs, mining



Bush fire breaks out at First Turkey

QFES, Rural Fire Brigade, Fire Brigade, Emergency Services
Photo Bev Lacey / The Chronicle

Bush fire in north Rockhampton

Knowing the time value of money

Tweed is facing a rental crisis.

David French offers up finance advice

It's a crime to expect us not to name you

court generic

We report on court proceedings relating to crime every day

Local Partners

Lady Gaga confirms Super Bowl show

Lady Gaga

Lady Gaga to perform in coveted spot

Girls actors give emotional tributes to hit show

Actor Allison Williams

Actors farewell smash hit HBO show Girls after six seasons

Janet Jackson's pregnancy is 'best thing'

Janet Jackson

Janet Jackson can't wait to become a mum

Jay Z signs two-year movie and TV deal

Rapper Jay Z

Rapper Jay Z has signed a television and movie deal

Nowhere to Hyde: Matt Nable is Australia's man in demand

Matt Nable stars as Detective Gary Hyde in the TV series Hyde & Seek.

NABLE returns to the small screen amidst busy film work.

Marvel's Luke Cage S1E7: Manifest review

Mike Colter in a scene from the TV series Marvel's Luke Cage. Supplied by Netflix.

*WARNING: spoilers if you haven't seen Marvel's Luke Cage*

Rail station upgrade a 'game changer'

HISTORIC SITE: Keppel MP Brittany Lauga and Livingstone mayor Bill Ludwig outside the old railway station in Yeppoon which will be the focus of a redfevelopment in the CBD.

IT'S BEEN part of Yeppoon's history since the 1900's.

Beach-side real estate starts at $85k on Fraser Coast

HERVEY BAY REAL ESTATE: You can buy this townhouse in Scarness for under $300k.

Live your beach-living dream locally.

$40million hotel, shops development project for Mackay

Mt Pleasant hotel and retirement accommodation, proposed at 194-202 Malcomson St.

$40m development to take Mackay to 'the next level'

Projects hoped to revive Rockhampton real estate

There have been just over 800 house sales in Rockhampton this year

Property 200m from ocean selling for just over $100K

BEACHCOMBER PARK: Work has started on a new $19.2 million development at Toogoom.

The estate's developer is offering huge discounts for early buyers.

UPDATE: Former rodeo champ's sale rained out, now back on

Larkhill local Ken Consiglio is having an auction of most of the things on his property.

'People kept showing up and we had to turn them away'