Solid Energy confirms job losses

SARAH-JANE O'CONNOR
Last updated 14:46 27/06/2014

Relevant offers

Industries

Auckland house prices stabilise as buyers look elsewhere Z Energy must pump its Caltex deal to gain watchdog approval Spark readies home security service Morepork Wind not wanted for Bluff wind farm - yet Sixth consecutive drop at Fonterra's GlobalDairyTrade auction Environment Canterbury's draft Lyttelton Port Recovery Plan scrutinised Rail and Maritime Transport Union takes KiwiRail to court Z Energy shares rocket up 21 per cent on $785m Caltex takeover deal Kiwi falls against US dollar ahead of Reserve Bank interest rate review Spark share buy-back announced

Solid Energy has confirmed it will go ahead with a planned restructure which will see 185 employees and contractors be made redundant.

Solid Energy chief executive Dan Clifford said some changes had been made to the proposal following consultation.

Two fewer positions will be made redundant than originally proposed.

The company will now undertake a selection process to decide who will stay on at the mine. The process was expected to be completed by the end of July.

Engineers, Printing and Manufacturing Union (EPMU) West Coast organiser Garth Elliott said it was a "sad day for our miners".

"We knew it was coming, but it's still a heavy blow."

Miners would now be able to apply for voluntary redundancy.

"But there still aren't a lot of jobs out there on the West Coast and when that money runs out things will get tough," Elliott said.

The EPMU said mismanagement by Solid Energy's previous board had led to the current struggles.

"We hold the Government accountable for Solid Energy's current position, and for not addressing the high dollar or creating jobs in our region. Miners are now paying the price for the politicians' inaction."

Coal production will reduce by 500,000 tonnes, to 1.4 million tonnes per year.

When the company announced the proposal on June 6, it cited low international coal prices as the reason for the change.

Ad Feedback

- The Press

Comments

Special offers

Featured Promotions

Sponsored Content