Arab Today, arab today unions to fight potential solid energy job cuts
Last Updated : GMT 13:23:48
Arab Today, arab today
Arab Today, arab today

Unions to fight potential Solid Energy job cuts

Arab Today, arab today

Arab Today, arab today Unions to fight potential Solid Energy job cuts

Washington - Arabstoday

unions say they\'ll mount a strong fight against potential job losses at state-owned coal mining company Solid Energy. The Government\'s revealed today the company\'s in such bad shape that it may need a taxpayer bail-out, and job losses are on the cards. “With a big drop in the coal price and then certainly a drop in their export volumes it\'s put the company in quite a difficult position,” Finance Minister Bill English told reporters today. “It\'s a disaster,” says Labour MP Clayton Cosgrove. “Four years ago this company was an export award-winning company. It has been run down by this government by mismanagement, lack of monitoring and now it\'s a basket case.” Coal prices fell 40 percent last year - Solid Energy lost $40 million - it owes the banks another $389 million. But the Government\'s ready to step in. “We\'re not going to let it go into receivership,” says Mr English. The state-owned asset employs more than 1200 people, mainly in mines on the West Coast and in Waikato. More than 400 staff were already laid off last year, mostly at its now mothballed Spring Creek mine on the West Coast. The miner\'s union says the company\'s already operating at rock-bottom, and it\'s vowing to fight hard to protect remaining staff. “The workers of Solid Energy will not expect to have to pay for the stupidity or the activities of the previous board or the previous management. No doubt about it, they will not pay,” says EPMU’s Ged O’Connell. Even so, the Government\'s signalled more cuts are likely. “There\'s clearly going to be discussion about whether they\'re carrying too much overhead, which mines are viable and which ones aren\'t,” says Mr English. Plans to partially sell the company under the Government\'s asset sales programme are now on hold indefinitely as Solid Energy tries to climb back into the black. 3 News

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 unions to fight potential solid energy job cuts Arab Today, arab today unions to fight potential solid energy job cuts

 



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 unions to fight potential solid energy job cuts Arab Today, arab today unions to fight potential solid energy job cuts

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today EasyJet, Lufthansa among seven to bid

GMT 06:49 2017 Tuesday ,17 October

EasyJet, Lufthansa among seven to bid
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Fighters celebrate Raqa victory

GMT 06:07 2017 Wednesday ,18 October

Fighters celebrate Raqa victory
Arab Today, arab today Hiring not part of Alibaba pledge

GMT 11:26 2017 Wednesday ,18 October

Hiring not part of Alibaba pledge
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Sidem reveals plan to improve education

GMT 15:52 2017 Friday ,06 October

Sidem reveals plan to improve education
Arab Today, arab today British actress becomes fifth woman

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman
Arab Today, arab today Three killed, 360,000 without power

GMT 05:11 2017 Tuesday ,17 October

Three killed, 360,000 without power
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Mercedes says recalls 400,000 UK cars

GMT 06:56 2017 Tuesday ,17 October

Mercedes says recalls 400,000 UK cars
Arab Today, arab today Britain's Vauxhall to cut 400 jobs

GMT 10:53 2017 Sunday ,15 October

Britain's Vauxhall to cut 400 jobs
Arab Today, arab today Dalal Abdel Aziz happy for “Seventh Neighbor”

GMT 09:31 2017 Monday ,16 October

Dalal Abdel Aziz happy for “Seventh Neighbor”
Arab Today, arab today India to close colonial-era military farms

GMT 18:49 2017 Monday ,16 October

India to close colonial-era military farms

GMT 12:33 2017 Friday ,13 October

Anoshka happy for reactions to her talk show

GMT 10:37 2017 Thursday ,12 October

Cara Delevingne accuses Weinstein

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 12:02 2017 Saturday ,14 October

Conservation cutbacks put Brazil's

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 23:42 2017 Monday ,16 October

Better Marriages Make

GMT 07:02 2017 Sunday ,15 October

German minister sparks uproar

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 03:59 2017 Sunday ,15 October

US mobile carriers Sprint, T-Mobile to merge

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
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