Sad day for Queensland

The harsh realities of the financial crisis have hit Queensland in the form of the loss for another 1400 jobs, Queensland Resources Council (QRC) chief executive Michael Roche said.

The harsh realities of the financial crisis have hit Queensland in the form of the loss for another 1400 jobs, Queensland Resources Council (QRC) chief executive Michael Roche said.

“The job cuts announced by BHP Billiton emphasise the extent of the global recession and the challenges ahead for Queensland and Australia,” he said.

BHP this week announced 1000 jobs Queensland metallurgical coal mining operations in the Bowen Basin would be cut by June and up to 400 positions would be lost at its Yabulu nickel refinery, near Townsville.

“This is a particularly sad day for the Bowen Basin and Townsville, as the region is still coming to terms with the collapse of north Queensland investment house, Storm Financial,” Roche said.

According to Roche, the State is bearing the brunt of falling commodities production.

“The crash in global steel production is punishing Queensland hard as it flows on to components such as metallurgical coal, nickel and zinc,” he said.

“In the space of one day, our estimate of job losses in mining and minerals processing in Queensland has jumped from 1250 to 2650, with no hint of tolerance from a recession now entrenched in our major markets.

“The QRC is urging state and federal governments to give their highest priority to stemming the inevitable flow-on of unemployment to regional communities in Queensland.”

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