Port Waratah Announces a Reduction of Roles

Port Waratah has announced to its workforce today that 34 roles would be made redundant across the business.

Port Waratah CEO Hennie du Plooy said that the announcements today are part of a larger, ongoing review of the business to identify areas of efficiency and opportunities to reduce costs.

“Port Waratah is just like any other service provider to the Hunter Valley coal industry – we are working very hard to ensure that the cost of our services are consistent with the very challenging conomic conditions being experienced as a result of low coal prices and the strong Australian dollar,” said Mr du Plooy.

“As an infrastructure provider with unique obligations to provide terminal capacity to the industry, we need to strike an important and difficult balance at the moment,” he said.

“Right now we are in a situation where we need to respond to the short-term economic conditions affecting our industry, but we also need to plan for the long term, ensuring we are positioned to deliver growth capacity should the industry require it in the future,” he said.

“These decisions are not taken lightly or easily. Our priority through this process is to look after the welfare of our employees,” he said.

 

For more information please contact

Paul Chamberlin

Office: (02) 6239 7037

Mobile: 0419 233 989

Email: paul.chamberlin@endeavourconsulting.com.au