Cockatoo Coal have announced a number of high end job redundancies, culling the Chief Financial Officer, Chief Operating Officer and Company Secretary.
With workers also made redundant from the Baralaba mine, the move was intended to reduce overhead costs at the mine and the company’s head office.
Chief executive officer Peter Kane said the C-Suite employees would continue to serve the company through their notice periods.
“These changes are part of a restructuring of the organisation and are not expected to adversely impact on the management of the company,” Kane said.
The number of jobs cut from the Baralaba mine was not announced, however 40 workers were already made redundant in January this year.
The Baralaba complex is made up of Baralaba North, Baralaba Central, and Baralaba South.
First coal was mined at Baralaba North in May last year and the expansion was said to have created 200 jobs.
Banana Shire mayor Ron Cariage said the job losses from a major local employer were concerning, ABC reported.
“It’s a very difficult time,” he said.
“We’re certainly concerned about any reduction in staff but again we’ll have to work with Cockatoio to make sure that we can get the best productivity we can out of that mine.”
Image: Central Telegraph