BlueScope warns of 'substantial' job losses at Glenbrook

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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