New Hope Group set to cut Queensland coal mining jobs

New Hope Group has announced plans to cut 5 per cent of its workforce, blaming the falling coal price for the move.

The company said an ongoing review of its cost structure identified the need to reduce the number of workers across its operations.

New Hope employs around 600 people, meaning around 30 people are expected to be axed.

Those working at its West Moreton mine near Ipswich and at its corporate office will be affected so far, but with the review ongoing, more cuts are expected to be announced in the coming weeks.

New Hope chief, Shane Stephan, said the coal mining industry had been hit hard with a significant drop in the coal price, coupled with a strong Australian dollar.

"The continuing difficult times for the coal industry have required some difficult decisions to be taken regarding employment to allow the company to endure this low point in the cycle and emerge in the best shape possible when conditions improve,” Stephan said.

Employees affected by any redundancies will receive professional advice to assist them to find alternative employment.

Stephan said the review would have no impact on production at the company’s coal operations, with current tonnages being maintained from both West Moreton and New Acland.

There have been a hundreds of job cuts within the coal industry over the last 24 hours.

Wollongong Coal cut 152 jobs as its Wongawilli and Russell Vale mines as the operations continue to battle against various operational issues.

Glencore cut 40 jobs from the nearby Tahmoor coal mine with one development crew at the site set to finish up on 1 July.

While BHP Billiton’s Appin coal mine is also looking to reduce the number of its contractor workforce.

Image: newhopegroup.com.au