Infrastructure

BlueScope warns of 'substantial' job losses at Glenbrook

Gavin Evans
Mon, 17 Aug 2020

BlueScope warns of 'substantial' job losses at Glenbrook
Gavin Evans
Mon, 17 Aug 2020
BlueScope Steel is preparing to spend up to A$50 million to lay off a “substantial” number of staff and reduce the scale of its New Zealand operations.The company reported on Monday a A$206 million first-half operating loss on the NZ and Pacific Islands operation, having last month written A$197 million off the value of the business. Excluding the writedown, the loss was A$5.8 million.Group chief executive Mark Vassella said the proposed reconfiguration “could see a substantial number of roles made redundant.”&ldquo...

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