Arab Today, arab today miner bhp billiton to cut 700 jobs in australia
Last Updated : GMT 21:34:07
Arab Today, arab today
Arab Today, arab today

Miner BHP Billiton to cut 700 jobs in Australia

Arab Today, arab today

Arab Today, arab today Miner BHP Billiton to cut 700 jobs in Australia

BHP Billiton's copper
Sydney - AFP

Anglo-Australian mining giant BHP Billiton said Tuesday it would lay off 700 workers at coal operations in central Queensland as it seeks cost efficiencies to ensure long-term viability.
Coal prices have slumped in recent months and demand from major market China has been falling, while BHP executives have emphasised the need to reduce costs and maximise productivity.
The BHP Billiton-Mitsubishi Alliance, which has seven mines in the resource-rich Bowen Basin, said the job losses were needed to "deliver further cost reductions and productivity improvements and remain viable for the long-term".
"BMA will reduce its workforce by approximately 700 roles and consultation will occur with employees, contractors and their representatives in coming weeks," it said in a statement.
The joint venture is the world's biggest exporter of steelmaking coal.
The decision comes after a review of the mines found that the number of jobs was greater than required, it added.
"With our ongoing focus on improving the productivity and global competitiveness of our business, we continue to assess the most effective way of safely operating our assets both now and into the future," BMA asset president Lucas Dow said.
BHP Billiton owns 50 percent of BMA, which is the largest employer in the Bowen Basin with more than 10,000 employees and contractors at its operations, most of which are open-cut mines.
The announcement follows the loss of more than 160 jobs at a coal mine in New South Wales state in July and 500 jobs in BHP's iron ore division earlier this year.

 

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today miner bhp billiton to cut 700 jobs in australia Arab Today, arab today miner bhp billiton to cut 700 jobs in australia

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today miner bhp billiton to cut 700 jobs in australia Arab Today, arab today miner bhp billiton to cut 700 jobs in australia

 



Arab Today, arab today Designer Rania Adel reveals her new collection

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection
Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
View News in Arabic - Business: أخبار الشركات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday