Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


137 jobs lost at Stockton Mine

6 June 2014

Media Release

137 jobs lost at Stockton Mine

137 jobs will be lost at the Stockton coal mine on the West Coast due to low coal prices, a high Kiwi dollar, and serious mismanagement of Solid Energy’s finances by its previous Board and the government.

Workers were told today that Solid Energy will begin consultation on a proposal to cut 102 mining jobs and 35 management jobs at the mine.

“We didn’t have to end up here,” says Garth Elliott, EPMU organiser for the Stockton miners. “Everyone knows times are tough in coal mining, but the company has no ability to weather the current conditions.

“That’s because the government allowed Solid Energy to rack up debt and overvalue itself in the hope they could flog it off as part of the asset sales programme.

“They made decisions on the basis of short-sighted greed, and the miners are paying the price for it today.”

The EPMU represents over 300 miners at Stockton. The union will work with Solid Energy management to ensure any redundancies are made as fairly as possible.

EPMU members are entitled to redundancy pay under the terms of their collective agreement.

ENDS


© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Tax: GST Threshold For Online Purchases Won't Lower Before 2018

The government wants to lower the threshold on online purchases which qualify for GST from mid-2018, but says more work is needed and there will be no change without public consultation. More>>

ALSO:

North Canterbury: Government Extends Drought Classification

The government has extended a drought classification for the eastern South Island until the end of the year, meaning the area will have officially been in drought for almost two years, the longest period for such a category. More>>

ALSO:

Negotiations Fail: Christchurch Convention Centre Build To Proceed Without PCNZ

After protracted negotiations, the government has ditched the construction consortium it picked to build Christchurch's replacement convention centre, which it now anticipates delivering at least two years behind the original schedule. More>>

ALSO:

Ruataniwha: Greenpeace Launches Legal Challenge Against $1b Dam Plan

Greenpeace NZ is launching a legal challenge against a controversial plan to build a dam that’s set to cost close to $1 billion and will pollute a region’s rivers. More>>

ALSO:

Inequality: Top 10% Of Housholds Have Half Of Total Net Worth

The average New Zealand household was worth $289,000 in the year to June 2015, Statistics New Zealand said today. However wealth was not evenly distributed, with the top 10 percent accounting for around half of total wealth. In contrast, the bottom 40 percent held 3 percent of total wealth. More>>

ALSO:

What Winter? Temperature Records Set For June 20-22

The days around the winter soltice produced a number of notably warm tempertaures. More>>

Conservation Deal: New Kākāpō Recovery Partnership Welcomed

Conservation Minister Maggie Barry says the new kakapo recovery partnership between DOC and Meridian Energy is great news for efforts to save one of New Zealand’s most beloved birds. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news