REDUNDANCIES – AUSTRALIA

2000-plus mining jobs cut in 2016; more to go

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Original article by Tess Ingram
The Australian Financial Review – Page: 13 & 20 : 7-Mar-16

It is estimated that about 2,330 workers in the Australian mining industry have been retrenched so far in 2016. South32 plans to sack about 770 employees by mid-2016, while 330 employees of Consolidated Minerals have been affected by its decision to put production at its manganese mine in Western Australia on hold. Iron ore producers such as Grange Resources and Mount Gibson Iron have also shed staff in 2016, while media reports have suggested that Rio Tinto could retrench between 500 and 700 employees in Western Australia.

CORPORATES
SOUTH32 LIMITED – ASX S32, CONSOLIDATED MINERALS LIMITED, GRANGE RESOURCES LIMITED – ASX GRR, MOUNT GIBSON IRON LIMITED – ASX MGX, RIO TINTO LIMITED – ASX RIO, BC IRON LIMITED – ASX BCI, FORTESCUE METALS GROUP LIMITED – ASX FMG, BHP BILLITON LIMITED – ASX BHP, QUEENSLAND NICKEL PTY LTD, PIT CREW MANAGEMENT CONSULTING SERVICES PTY LTD, WESTERN AUSTRALIA. DEPT OF MINES AND PETROLEUM

Fairfax modelled a future with no newspapers and 40pc fewer journos

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Original article by Jake Mitchell
The Australian – Page: 1 & 2 : 15-Feb-16

Fairfax Media is tipped to reveal a significant restructuring program in 2016, aimed at reducing costs. Internal documents produced in early 2013 estimate that the media group could shed 205 full-time members of its editorial team by discontinuing the print editions of "The Age" and "The Sydney Morning Herald". Meanwhile, publishing print editions of these mastheads only on Saturdays would enable Fairfax to cut 150 editorial positions.

CORPORATES
FAIRFAX MEDIA LIMITED – ASX FXJ, PAGEMASTERS PTY LTD, AUDIT BUREAU OF CIRCULATIONS

Fairfax investor Waislitz backs cuts

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Original article by Damon Kitney
The Australian – Page: 23 : 25-Nov-15

Media reports have suggested that News Corp Australia intends to retrench 55 journalists, while there is speculation that further job cuts are planned at Fairfax Media. Businessman Alex Waislitz does not expect the quality of journalism to be affected by the job cuts, and he argues that it is essential for companies in "sunset industries" to reduce costs in order to survive. Waislitz holds around two per cent of Fairfax’s shares via Thorney Investment Group and Thorney Opportunities Limited.

CORPORATES
FAIRFAX MEDIA LIMITED – ASX FXJ, NEWS CORP AUSTRALIA PTY LTD, NEWS CORPORATION – ASX NWS, THORNEY INVESTMENT GROUP AUSTRALIA PTY LTD, THORNEY OPPORTUNITIES LIMITED – ASX TOP, DOMAIN.COM.AU, IANGELS

Fairfax faces FWC over role ‘made redundant during maternity leave’

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Original article by Jake Mitchell
The Australian – Page: 26 : 16-Nov-15

Fairfax Media has declined to comment on allegations that it retrenched consumer marketing director Vicki Aristidopoulos shortly before she was due to return from maternity leave. Aristidopoulos has lodged a general protections application with the Fair Work Commission, claiming that she was not consulted by Fairfax prior to being offered a redundancy package in October 2015. Her redundancy followed a restructuring at Fairfax.

CORPORATES
FAIRFAX MEDIA LIMITED – ASX FXJ, AUSTRALIA. FAIR WORK COMMISSION, FINANCIAL REVIEW GROUP, NEWS CORP AUSTRALIA PTY LTD, NEWS CORPORATION – ASX NWS, AUDIT BUREAU OF CIRCULATIONS

Santos slashes 200 jobs to rein in costs

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Original article by Angela Macdonald-Smith
The Australian Financial Review – Page: 16 : 13-Oct-15

Listed oil and gas producer Santos has announced further job cuts, after it revealed plans to retrench 565 employees in August 2015. Santos intends to shed an additional 200 employees, with the bulk of the job cuts to be at its head office in Adelaide. The job losses are part of a cost-reduction strategy, with Santos aiming to achieve cost savings totalling $A180m by the end of 2015. Santos shares closed $A0.04 lower at $A5.93 on 12 October.

CORPORATES
SANTOS LIMITED – ASX STO, OIL SEARCH LIMITED – ASX OSH, CNOOC LIMITED, PETROCHINA COMPANY LIMITED, SINOPEC CORPORATION, BERNSTEIN INVESTMENT RESEARCH AND MANAGEMENT

800 Aurizon jobs go amid cost-cutting

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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

BHP to cut 37pc of jobs in Melbourne

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Original article by Matthew Stevens, Amanda Saunders
The Australian Financial Review – Page: 15 & 20 : 29-Jul-15

BHP Billiton is expected to retrench, relocate or redeploy about 100 employees at its head office in Melbourne in the next 18 months. The resources group has previously shed about 80 jobs at the Melbourne office, and the latest proposed cuts are likely to reduce staff numbers to about 300. BHP also intends to make cutbacks in other areas, including its legal and corporate affairs teams, while its Treasury division will be relocated to the UK.

CORPORATES
BHP BILLITON LIMITED – ASX BHP, SOUTH32 LIMITED – ASX S32

Staff cuts risk ‘dangerous spiral’ at Myer

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Original article by Sue Mitchell
The Australian Financial Review – Page: 15 : 28-Jul-15

Citigroup’s Craig Woolford says Myer Holdings’ plan to scale back its permanent workforce could backfire by adversely affecting customer service and in turn leading to lower sales. The department store group also proposes a 20 per cent reduction in working hours for casual and part-time employees. Myer argues that the changes will result in greater rostering flexibility during periods when staff are most in demand. Myer shed 80 employees at its head office earlier in 2015.

CORPORATES
MYER HOLDINGS LIMITED – ASX MYR, CITIGROUP PTY LTD, DAVID JONES LIMITED, WOOLWORTHS HOLDINGS LIMITED, CLSA AUSTRALIA PTY LTD, SHOP, DISTRIBUTIVE AND ALLIED EMPLOYEES’ ASSOCIATION

Man to Man closes 20 stores, sheds 100 staff

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Original article by Leo Shanahan
The Australian – Page: 16 : 9-Jan-15

Ferrier Hodgson’s Brendan Richards is hopeful that a buyer will emerge for failed menswear retailer Man to Man, with indicative offers due by 9 January 2015. The retail chain will continue to operate 62 stores following the closure of 20 outlets, which will result in the loss of nearly 100 jobs. Man to Man has debts of $A28m, and went into voluntary administration in late 2014

CORPORATES
MAN TO MAN FASHION MENSWEAR, FERRIER HODGSON AND COMPANY, DEUTSCHE BANK AG

Little Christmas cheer for almost 100 ABC journalists who face redundancy

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Original article by Anna Patty
The Sydney Morning Herald – Page: 8 : 18-Dec-14

ABC employees have been given a deadline of 5pm on 19 December 2014 to accept voluntary redundancies. Some journalists were informed of their retrenchment on 17 December, and the ABC has been criticised for its handling of the job cuts. The ABC is expected to retrench about 100 staff, and a spokeswoman has indicated that they will not be leaving the public broadcaster immediately unless they choose to do so

CORPORATES
AUSTRALIAN BROADCASTING CORPORATION, MEDIA, ENTERTAINMENT AND ARTS ALLIANCE, AUSTRALIA. FAIR WORK COMMISSION