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Port Aboutusgeneric_2 The Hamilton family Steve Beale and Chris Dunphy, MIPEC csg dragline Bhabie and Paul Dickens Mitchell Brown and friends csg Aboutusgeneric_1 Construction Jo-Anne Burke, DB Scaffolding; Susan McGuire, Mayogroup mine (L-R) Sebastion Rayfield, Vincent Rayfield, Trishelle Avu and Tayla Thorpe (L-R) Fern, Simon, Phoenix Morgan and River Levi
Port Aboutusgeneric_2 The Hamilton family Steve Beale and Chris Dunphy, MIPEC csg dragline Bhabie and Paul Dickens Mitchell Brown and friends csg Aboutusgeneric_1 Construction Jo-Anne Burke, DB Scaffolding; Susan McGuire, Mayogroup mine

30 job losses in Gladstone
GLOBAL slowdown continues to put pressure on Gladstone.
Wednesday 08 July 2015  

AROUND 30 of the 215 people employed by Orica at its Yarwun plant in Gladstone are expected to lose their jobs as the company reduces output in the face of a global oversupply of ammonium nitrate.

Orica started discussions with its workforce yesterday and expects to have completed them by the end of the week.

In a written statement, Orica’s general manager at Yarwun Dave Buick said they were responding to market forces.

"While we remain confident in the long term outlook for ammonium nitrate, there is a near term oversupply in the market,” he said.

“As a result, we have made a preliminary decision to adjust the capacity requirements at Yarwun, this decision follows extensive analysis of the market and was previously flagged in our interim financial results market briefing in May.

“The fact remains that Orica is operating in a highly competitive market in which supply of ammonium nitrate is higher than demand levels, and we need to pursue strategies that secure the long-term viability of the business.”

Mr Buick said there would be no impact on the security of supply of ammonium nitrate to customers as a result of the decision.

Globally Orica has cut more than 1200 positions in the last two years.

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