Gujarat NRE shareholders have voted to rename the company to Wollongong Coal in a bid to focus on its "local" ties within the community.
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Further wind up orders lodged against Gujarat NRE
Financial trouble for Illawarra-based mining company Gujarat NRE continues with two companies levelling million-dollar wind up orders against the company.
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Gujarat NRE to sack 10 coal mine workers
Winding up its voluntary redundancy scheme, Gujarat NRE is preparing to sack ten workers through forced redundancies.
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Gujarat cuts 47 coal jobs
47 voluntary redundancy packages have been signed off by Gujarat NRE as the company implements plans to cut its workforce by 20 per cent.
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Gujarat cuts 90 jobs
After suffering weeks without pay, Gujarat NRE employees have been served another blow, being told the company will cut 20 per cent of its workforce by January.
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Former Gujarat chairman pocketed 53% pay increase and then failed to pay workers
Despite failing to pay workers’ wages and superannuation, Gujarat NRE’s former chairman received a 53% year-on-year rise in his base salary to $1.02 million in 2013.
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More money could flow to Gujarat in multi-million dollar share deal
Gujarat NRE shares have been put on hold as the company tries to raise $58 million in a deal which would see Jindal Steel increase its stake in the company.
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Pay relief for Gujarat mine workers
Gujarat workers are finally set to receive wages owed to them as the company’s new managers announce plans to pour up to $350 million into the business to keep it running.
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Jindal takes over Gujarat but still no relief for unpaid workers
Gujarat NRE shareholders have voted in favour of a takeover deal by Jindal Steel, but the exact date workers can expect to be paid four weeks’ worth of wages is still anyone’s guess.
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