QR National cuts over 500 jobs

Rail expert QR National has announced plans to cut over 500 jobs to reduce costs.

In a statement yesterday the company said it was asking employees for “expressions of interest in voluntary redundancy”.

“There will be no forced redundancies and no forced relocations for the majority of employees,” it said.

QR said the move was part of company-wide changes announced in 2011, and based on previous voluntary redundancy schemes, it expected over 500 workers to leave.

QR National CEO Lance Hockridge said in a statement the company had staff levels that were higher than needed, which results in “high corporate overheads and bureaucratic structures”.

“Our cost base is too high when compared to competitors and rail industry peers,” he said.

“While QR National continues to grow we need to better serve customers and improve our operating and financial performance if we are to safeguard an ongoing strong future for our company, our employees and shareholders.”

QR said it would consult with staff and unions until 22 June, and use the feedback to inform its decisions.

Image: Townsville Bulletin

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