Yancoal announces round of redundancies

The NSW coal industry has lost another 225 jobs due to the global downturn in the price of coal.

Yancoal Australia will drop 170 employees from the Abel underground mine, and up to 55 employees from the Austar mine in the Hunter Valley.

Yancoal Australia chief executive Reinhold Schmidt said making the redundancies was a difficult decision.

“While we have taken every step over the last year to try and avoid today’s announcement, unfortunately we do not have any further options available at this time.”

“Our management teams are speaking with employees and ensuring they have access to the necessary external employment, redundancy and counselling services required to assist them throughout the process.”

Yancoal said that since the death of two workers at the Austar mine in April last year, the company has tried to develop new production options and retain or redeploy personnel.

The Austar mine will now use two continuous miners over seven days per week with 185 employees.

The Abel mine will also undergo restructuring, with no further operations on weekends from Monday 10 August, with 108 employees operating on a five days per week roster.

Employees will be notified of their redundancy or acceptance of voluntary redundancies by 7 August.