Downturn sees 450 job losses at Peabody Energy

PEABODY Energy will dump 450 contractors from its 11 coal mines in Queensland and New South Wales, with the workers the latest casualties of the industry downturn.

The mining giant owns seven projects in Central Queensland, including Burton, Coppabella, Eaglefield, Middlemount, Millennium, Moorvale, North Goonyella and Wilkie Creek west of Brisbane.

In a statement, the company said the cuts were in response to market conditions and an effort to lower costs.

"Peabody Energy regrets the impact on the contractors directly affected and is conscious of the likely impacts on communities in which we operate.

"We are taking these steps to secure the long-term competitiveness of our operations."

Already this month, Xstrata cut 46 workers from its Ravensworth coal mine in NSW and Anglo American was preparing to shut down its Aquila underground mine in Central Queensland, affected 80 workers.

The Federal Government estimates 9000 jobs have now been lost throughout the Australian coal industry, with 6000 of those in Queensland since early 2012.

Topics:  job losses, mining, peabody energy




Local Real Estate

finda logo
Featured Real Estate
MUST BE SOLD !! All Offers...
House 4 2 2
New Kitchen and 2 Bay... $329,000
House 3 1 2
A Frenchville Family... $419,000 Neg
House 4 2 2
Ultimate Large Family... $559,000 neg
House 6 3 4

Featured Jobs

finda logo

Rockhampton jobs listed daily


Featured Jobs
Occupational... Central Queensland Mc Full Time
Admin Officer... Yeppoon Full Time


Local Partners

LATEST DEALS AND OFFERS

Great Gardening...

Win a $500 gardening gift voucher
Learn More

View today's ePaper!

Read the digital edition
Learn More

Cars For Sale

Find cars for sale online now.
Learn More

Property Listings

Post an ad from $30
Learn More

Local Profile

Stay Connected

Get the news as it happens, in your inbox

You can change the newsletters you are subscribed to when you edit your profile

Edit Profile


Special Offers

Latest deals and offers

Horoscopes

Libra

Someone has overlooked to repay you some money or a favor. You may be at odds as to how to deal with this. Give it a little more time, then...

read more

Marketplace

Special Offers & Promotions

Compare & Save