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

 

Maritime: Navigation Safety Review Raises Big Issues For The Govt

Shipping Federation: "The reports makes it clear that the ratification of the Maritime Labour convention (MLC) is long overdue. Only when the MLC is ratified will Maritime NZ be able to inspect and enforce the labour conditions on international ships visiting our ports." More>>

ALSO:

100 Years After Einstein Prediction: Gravitational Waves Found

For the first time, scientists have observed ripples in the fabric of spacetime called gravitational waves, arriving at the earth from a cataclysmic event in the distant universe. This confirms a major prediction of Albert Einstein’s 1915 general theory of relativity and opens an unprecedented new window onto the cosmos. More>>

ALSO:

Farming: Alliance Plans To Start Docking Farmer Payments

Alliance Group, New Zealand's second-largest meat cooperative, plans to start withholding some stock payments to its farmers from next week to bolster its balance sheet and force suppliers to meet their share requirements. More>>

ALSO:

Gambling: SkyCity First Half Profit Rises 30%, Helped By High Rollers

SkyCity anticipates the Auckland business will benefit from government gaming concessions which were triggered on Nov. 11 in recognition of SkyCity’s $470 million Convention Centre development. Morrison said the concessions would allow the Auckland business to lift its activity during peak period, noting it had a record revenue week over the Christmas and New Year period. More>>

ALSO:

Money For Light: Kiwi Scientists Secure Preferential Access To Synchrotron

Science and Innovation Minister Steven Joyce today announced a three-year investment of $2.8 million in the Australian Synchrotron, the largest piece of scientific infrastructure in the Southern Hemisphere, to secure preferential access for Kiwi scientists. More>>

Telco Industry Report: Investment Hits $1.7 Bln A Year

Investment in the telecommunications sector is $1.7 billion a year, proportionately one of the highest levels in the OECD, according to a report released today on the status of the New Zealand sector. More>>

ALSO:

PGPs: New Programme Sets Sights On Strong Wool

A new collaboration between The New Zealand Merino Company (NZM) and the Ministry for Primary Industries (MPI), announced today, aims to deliver premiums for New Zealand's strong wool sector... More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news