Miner cuts another 45 jobs
Tuesday 30 August 2016
SIBELCO has announced the loss of 45 jobs and a major reduction of operations at its facilities in and around Rockhampton, requiring those staff still with a job to take extended leave.
The company has a magnesia mine at Kunwarara an hour north of Rockhampton and a processing plant on the outskirts of the city which process magnesia for domestic and overseas use.
Sibelco has been progressively winding back operations like most other miners in Central Queensland as the price for magnesia falls in the wake of the economic slowdown in Asia.
The latest job cuts come almost exactly a year after Sibelco laid off another 50 of its workers in an earlier restructure.
Sibelco’s executive general manager of operations John McBride said the changes had to be made.
“Unfortunately, as part of this restructure, a number of positions have been made redundant,’’ he said.
“This change is necessary, as our current way of operating is not sustainable, we need to reassess our entire production strategy to run a more sustainable business for the future.
“During the wind back we will selectively produce materials to align with market demand, and we will continue to monitor the markets during the wind back period and modify our strategy accordingly.”
Sibelco says they have had individual meetings with all affected employees.
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