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

 


Final job loss numbers confirmed at Stockton mine

27 June 2014

Media Release

Final job loss numbers confirmed at Stockton mine

Miners on the West Coast have been told today that 135 jobs will definitely be lost at Solid Energy’s Stockton coal mine.

The news comes after consultation ended on a proposed restructure at the mine. Stockton has been hit hard by low coal prices, the high New Zealand dollar, and serious financial mismanagement by Solid Energy’s previous Board.

“This is a sad day for our miners,” says Garth Elliott, EPMU organiser for the Stockton miners. “We knew it was coming, but it’s still a heavy blow.”

Miners will now be able to apply for voluntary redundancy.

“The only good news is that the guys have good redundancy entitlement thanks to our collective agreement,” says Garth Elliott. “But there still aren’t a lot of jobs out there on the West Coast and when that money runs out things will get tough.”

“We hold the government accountable for Solid Energy’s current position, and for not addressing the high dollar or creating jobs in our region. Miners are now paying the price for the politicians’ inaction.”

ENDS


© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Scoop Business: NZ Govt Operating Deficit Smaller Than Expected

The New Zealand’s government’s operating deficit was smaller than expected in the first five months of the financial year as a clampdown on expenditure managed to offset a shortfall in the tax-take from last month’s forecast. More>>

ALSO:

0.8 Percent Annually:
NZ Inflation Falls Below RBNZ's Target

New Zealand's annual pace of inflation slowed to below the Reserve Bank's target band in the final three months of the year, giving governor Graeme Wheeler more room to keep the benchmark interest rate lower for longer.More>>

ALSO:

NASA, NOAA: Find 2014 Warmest Year In Modern Record

Since 1880, Earth’s average surface temperature has warmed by about 1.4 degrees Fahrenheit (0.8 degrees Celsius), a trend that is largely driven by the increase in carbon dioxide and other human emissions into the planet’s atmosphere. The majority of that warming has occurred in the past three decades. More>>

ALSO:

Scoop Business: New Zealand’s Reserve Bank Named Central Bank Of The Year

The Reserve Bank of New Zealand’s efforts to stifle house price inflation by using new policy tools has seen the institution named Central Bank of the year by Central Banking Publications, a publisher specialising in global central banking practice. More>>

ALSO:

Science Media Centre: Viral Science And Another 'Big Dry'?

"Potentially, if there is no significant rainfall for the next month or so, we could be heading into one of the worst nation-wide droughts we’ve seen for some time," warns NIWA principal climate scientist Dr Andrew Tait. More>>

ALSO:

Get More From Scoop

 
 
Standards New Zealand

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