Peabody Energy is seeking staff to accept voluntary redundancies in the face of a difficult coal market.
“Peabody Energy is seeking expressions of interest for voluntary redundancies from up to 50 staff,” Peabody spokesperson, Michelle Barisic, told Australian Mining.
“We are looking predominately at the Brisbane office; mainly at support staff roles in the head office,” she added.
“For those who are eligible, the program offers a financial incentive to move forward with a planned transition. This is part of multiple larger initiatives involving cost containment, capital discipline and debt reduction.”
Barisic clarified that it is unlikely to affect frontline staff.
According to Peabody the current downturn in the coal market, coupled with a difficult economic environment led to the decision.