Original article by Jenny Wiggins
The Australian Financial Review – Page: 27 : 8-Oct-15
Australian-listed rail freight operator Aurizon Holdings aims to reduce its costs by up to $A380m over the next three years. The group has also flagged the retrenchment of an additional 800 full-time employees in its operations division, which follows the loss of 3,000 jobs over the last five years. Meanwhile, CEO Lance Hockridge says Aurizon may consider acquisitions if the West Pilbara Iron Ore Project is shelved.
CORPORATES
AURIZON HOLDINGS LIMITED – ASX AZJ, ASCIANO LIMITED – ASX AIO, PACIFIC NATIONAL PTY LTD, BROOKFIELD INFRASTRUCTURE PARTNERS LP, AUSTRALIAN COMPETITION AND CONSUMER COMMISSION, WIGGINS ISLAND COAL EXPORT TERMINAL PTY LTD