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

 


Solid Energy confirms changes at Stockton Mine in Buller

Solid Energy confirms changes at Stockton Mine in Buller

Solid Energy has today confirmed to its Stockton Mine staff that it will reduce the mine’s output and make changes to the way work is organised. The change, outlined as a proposal to staff on 6 June, is in response to continuing low international coal prices.

Chief Executive Dan Clifford says there was constructive feedback during the consultation period which resulted in some changes to the final structure.

As a result, Stockton’s workforce will reduce by 135 (two fewer than originally proposed on 6 June), from 521 to 386. Coal production at the mine will reduce from 1.9 million tonnes (Mt) a year to 1.4 Mt in the year to end-June 2015.

The decision will mean redundancy for 135 employees -- 33 management, technical, support services and administrative staff and 102 people employed under the collective agreement terms and conditions.

The company will now undertake a process to select employees for the remaining mining jobs and in other areas where fewer people are required. The selection processes are similar to those used by the company in earlier restructurings. It is expected that this will be completed by the end of July.

Note: Our 6 June 2014 statement is at http://coalnz.com/about/media-releases/2014/Solid-Energy-plans-production-and-job-reductions-at-West-Coast-export-mine.html

ENDS


© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Housing Policy: Auckland Densification As Popular As Ebola, English Says

Finance Minister Bill English said calls by the Reserve Bank Governor for more densification in Auckland’s housing were “about as popular in parts of Auckland as Ebola” would be. More>>

ALSO:

Crown Accounts: NZ Government Deficit Smaller Than Expected In First Half

The New Zealand government's operating deficit was smaller than expected in the first six months of the financial year, as the consumption and corporate tax take rose ahead of forecast in December, having lagged estimates in previous months. More>>

ALSO:

Fruit & Veg Crackdown: Auckland Fruit Fly Find Under Investigation

The Ministry for Primary Industries (MPI) is investigating a find of a single male Queensland fruit fly in a surveillance trap in the Auckland suburb of Grey Lynn... MPI has placed legal controls on the movement of fruit and some vegetables outside of a defined circular area which extends 1.5km from where the fly was trapped in Grey Lynn. More>>

ALSO:

Scoop Business: Westpac NZ Reaches $2.97M Swaps Settlement

Westpac Banking Corp’s New Zealand unit has agreed to pay $2.97 million in a settlement with the Commerce Commission over the way the bank sold interest rate swaps to farmers between 2005 and 2012. More>>

ALSO:

Going Dutch: Fonterra Kicks Off $144M Partnership With Dutch Cheese Maker

Fonterra Co-operative Group, the world’s largest dairy exporter, has commissioned a new dairy ingredients plant in Heerenveen, in the north of the Netherlands, its first wholly-owned and operated ingredients plant in Europe. More>>

ALSO:

Scoop Business: NZ Retail Sales Beat Estimates

New Zealand retail sales rose more than expected in the fourth quarter, led by vehicle-related transactions, food and beverages, adding to evidence that cheap credit and a growing jobs market are encouraging consumers to spend. More>>

ALSO:

Delivery Cuts Go Ahead: 'Government Money Grab' From NZ Post

"It's a money grab by the Government as the shareholder of New Zealand Post" says Postal Workers Union advocate Graeme Clarke about the changes announced by NZ Post. More>>

ALSO:

Get More From Scoop

 
 
Standards New Zealand

Standards New Zealand
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news