New Hope Group has been forced to make 14 per cent of its corporate workforce redundant due to the uncertainty surrounding the New Acland stage three project.
This follows the Queensland Government’s indecision on final approvals for the project, which will also see New Hope’s port facility Queensland Bulk Handling (QBH) lose 15 per cent of its workforce.
The remaining corporate office workers based at West Moreton, Burton and Bridgeport will move to a nine-day fortnight and take a 10 per cent reduction in pay, while QBH logistics team members will lose nearly 30 per cent of their salary.
Without a state government decision, New Hope is suffering a continuing decline in coal production from New Acland.
New Hope chief executive Shane Stephan said these cuts would impact more than 150 workers and their families.
“While this is regrettable, the reduction in hours and pay for our workforce means we can keep the number of redundancies to a minimum at this point in time,” Stephan said.
“However, continued uncertainty and delays around the approvals for stage 3 will see production at New Acland continue to reduce and further redundancies will result across all areas of the business.
“We have delayed this move as long as possible however, the business cannot absorb the losses at New Acland indefinitely without putting the entire business at risk.”
Stephan said that the company had been doing a “tremendous job” retaining its workforce during the coronavirus pandemic, but without the approvals the company had no certainty.
“I find it inconceivable that with the current economic position of this state, this government is happy to see more jobs lose when we could be creating jobs for Queensland, he said.