Gladstone jobs fallout hits Rockhampton and CQ - Prof Rolfe
JOB losses in Gladstone as major construction projects are completed will have an impact on the economy of Rockhampton and the broader Central Queensland region, according to Professor John Rolfe.
The CQUniversity economics professor said that hundreds of local residents would need to find other employment as the three LNG plants moved from the earlier stages of construction to more technical phases of their development.
"They are moving away from civil engineering work into technical plant construction so they do not need nearly as much local employment," Prof Rolfe said yesterday.
"Most of the workforce is now coming from outside CQ and that is why Gladstone's housing and labour market is down."
There were about 11,000 people working on the three projects.
But, once construction at the plants was complete, it would leave only 450 operational jobs.
As well as the direct job losses, the progression of the LNG projects would also impact Rockhampton's small to medium size businesses which were subcontracted for them.
Prof Rolfe said that, despite the job-shedding, the outlook for the region's economy remained solid.
However, there was a concern about the lack of new construction projects in the pipeline.
"More than 10% of our economy is based on construction," Prof Rolfe said.
"If new projects are not coming through, then the economy will slow further."
Prof Rolfe said there were still positive indications that the Galilee Basin coal mine projects would proceed, which would provide a major boost to Rockhampton and Mackay.