Boart records profit as job numbers fall

Boart Longyear has reported a rise in profit for the first time since cutting 2000 jobs worldwide.

The number of people on the payrolls in the Asia-Pacific region is currently about 2600, down from 3200 in September 2008, regional vice-president Kent Hoots said.

The company’s Asia-Pacific region comprises South-East Asia, Indonesia as well as China where Boart Longyear has a factory.

In Australia, Boart is mainly active in Western Australia and Queensland.

“The cyclical nature of our business is that as drill rigs stop working we put people off. There’s no major reduction,” Hoots said.

“It’s based on job cycle. The counter to that is as we get work, we pull people back in.”

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