Glencore to axe 400 jobs
The mine’s workforce will be reduced to 930 from 1,360
Glencore will cut about 30% of its workforce at its Hail Creek coal mine in Australia following a review of its operations. The mine’s workforce will be reduced to 930 from 1,360, said Glencore, which bought the mine from Rio Tinto in March. The miner, which began operational management of Hail Creek on August 1 2018, said it would introduce a seven days on, seven days off roster system, meaning that employees at the mine would work for seven days and then take the next seven days off. The company said it would reconfigure the mining methods it uses at Hail Creek and expects the process to be phased in over the next 18 months, with most changes expected to be in place by the second quarter of 2019. Glencore is already the world’s biggest exporter of thermal coal used for power stations, and the Hail Creek acquisition gave it a bigger stake in metallurgical coal, which is used for steel-making. In 2017, the mine produced about 9.4-million tons of hard coking and thermal coal, mainly ...