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Peabody cuts 400 jobs in Australia

24th July 2013

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

  

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PERTH (miningweekly.com) – US energy major Peabody has announced that it would reduce its workforce by some 400 employees, with 170 of these positions in the company’s Australian operations.

“This difficult decision has been made in response to near-term global economic challenges. The reduction has been made to align the company’s workforce size with other cost reduction activities, as part of a comprehensive cost management review to secure the long-term competitiveness of our operations,” a spokesperson told Mining Weekly Online.

“We understand this decision affects our employees, families and their local communities, and we are supporting impacted employees and our workforce through this change,” the spokesperson said.

Peabody has mining operations across Queensland and New South Wales, with the miner selling some 33-million tons of coal in 2012 from these operations to steel producers in Japan, Europe, Taiwan and India, as well as South America.

The miner was hoping to increase its yearly Australian output to some 36-million tonnes by 2013.

Edited by Creamer Media Reporter

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