450 jobs slashed from GlencoreXstrata workforce

GlencoreXstrata has announced that a cut back in production will see 450 people from Newlands and Oaky Creek mines lose their jobs by the end of 2013.

In what come as another blow for Australia’s coal industry, Glencore said the decision to cut production at its mining operations had been taken to ensure the viability in what continues to be a challenging market.

At Oaky Creek 150 people will lose their jobs as the mine moves to operate only one longwall.

 While at Newlands 300 people will be cut as both underground and open pit operations are reduced.

“This is a difficult decision, but one that needs to be taken in the current challenging economic conditions”, the company said in a statement.

“The changes are part of ongoing reviews of Glencore’s coal operations in an increasingly challenging economic climate.”

Earlier this week 46 workers were cut from Xstrata's Ravensworth mine in the Hunter Valley as part of the company’s ongoing operational review.

Today’s announcement comes as another blow for coal mine workers across Australia after Downer yesterday announced is it cutting 185 jobs from BMA’s Goonyella Riverside coal mine in Moranbah.

While earlier this week Peabody Energy announced plans to slash its workforce by 450.