More than 100 jobs are tipped to be cut from the Stockton coal mine in New Zealand as the operation undergoes a major restructure.
Owned by Solid Energy, the mine located on the South Island’s West Coast employs more than 521 workers and 120 contractors.
Solid Energy chief, Dan Clifford, met with the mine’s managers at the site yesterday and outlined the restructuring program. A further meeting is scheduled with staff today.
In a sign that New Zealand’s coal industry is facing the same pressures as the sector here in Australia, State Owned Enterprises Minister Tony Ryall said production cuts at the mine were necessary due to a slump in the price of coking coal.
Last year the mine cut 45 workers in a bid to improve is operating costs.
The company’s Spring Creek mine closed in 2012 with 300 people losing their jobs as a result.
Buller District Mayor Garry Howard said more job losses would have a negative impact on the West Coast, Radio New Zealand News reported.
However Howard said if the action was not taken now, the outcome could be worse in the long-term.
Image: Photo: RNZ / Nicola Griggs