Carborough Downs cuts 160 jobs as COVID-19 bites
The company says the cut is a direct result of the global COVID-19 pandemic.
Significant reductions in the price and demand for coking coal have occurred since mid-March due to lockdowns and reduced steel production across the world.
Fitzroy Australia Resources said it has taken proactive steps to ensure the long term viability of its operations by suspending bord and pillar operations.
Longwall and development operations continue as normal.
“Every effort has been made to preserve the majority of jobs and retain the core of the Fitzroy team,” chief executive officer Grant Polwarth said.
“Our goal is to ensure long-term sustainability of the operation, protect the livelihoods of our employees and continue to make a meaningful contribution to the community in which we operate.”
The company said no permanent employees had been stood down as all the affected positions were from contractors on site.
The move comes one week after fellow coal miner TerraCom announced it was dropping an entire truck and excavator mining fleet from its roster at the Blair Athol coal mine near
Clermont to weather the impacts of COVID-19.