New Hope Corp. announces job cuts
Published by Jonathan Rowland,
Editor
World Coal,
New Hope Corp. has become the latest Australian coal miner to cut jobs, after announced that 5% of its workforce would go.
Blaming the low coal prices and strong Australian dollar, the group’s CEO, Shane Stephan, said the company had been required to make some “difficult decisions […] to allow the company to endure this low point in the cycle”.
The job cuts would occur at the company’s West Moreton mine and head office operations. There would be no impact on production.
Source: New Hope Corp. Written by Jonathan Rowland
Read the article online at: https://www.worldcoal.com/coal/30052014/new_hope_corp_announces_job_cuts_at_west_moreton_coal_mine_coal912/
You might also like
FutureCoal encourages G7 to adopt balanced approach to coal
Following the recent G7 Summit on climate, energy, and the environment, FutureCoal has insisted that world leaders must embrace a balanced, pragmatic, and responsible approach to energy policy.