Hastings Deering makes further workforce reductions
IT WAS announced today that Hastings Deering is moving to reduce its workforce.
The company released a statement today explaining the reason for workforce reductions was a result of the continued market downturn, aggressive competition and significant customer price pressure.
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Managing Director Dean Mehmet said it was unfortunate the company had to reduce employee numbers at their South-East and Central Queensland operations.
"Hastings Deering will reduce its workforce by approximately 100 Roles and consultation has started with employees, contractors and their representatives," Mr Mehmet said.
"As one of the biggest employers in Mackay and Rockhampton, the company considers reducing employee numbers as an absolute last resort. We think about the impact on every single person and would do everything we can to keep as many people as possible employed at Hastings Deering."
Mr Mehmet said the mining industry continues to face challenging market conditions including low commodity prices and to ensure long term viability of the business there would be a maintained focus on market competitiveness.
"Many of our customers are running leaner operations and have asked us to retender for work, in every case, at significantly reduced prices," Mr Mehmet said.
"It has never been more critical to meet the market head on and remain a secure, sustainable and competitive operation. We are doing this by increasing efficiencies, offering greater flexibility to our customers and repositioning our cost base."