Peabody to cut jobs at Metropolitan coal mine

Image: Peabody Energy

Peabody Energy is cutting production and jobs from its Metropolitan Mine in New South Wales.

The company confirmed the mine will transition to a five-day production schedule over the next month, meaning employee and contractor reductions of 20 -25 per cent.

“These actions are part of a plan to increase productivity, improve cash flows and optimize production at Peabody’s Australia operations given current market conditions,” Peabody said.

CFMEU south-western district vice-president Bob Timbs said the cuts could lead to 70-80 job losses.

Timbs said the company was offering up voluntary redundancies first.

"Next week, they work out who they will or won't accept for voluntary redundancies. If there's a surplus in the numbers they need, they have to sit down with us to talk about mitigating forced redundancies,” he said.

In 2013, Peabody cut 42 jobs from the mine as part of its plans to slash 400 positions from its operations across NSW and QLD.

More recently the miner announced plans to slash around 220 coal jobs in Queensland as coal prices reach ten-year lows.

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