Solid Energy targets 93 Waikato mine job cuts on plunging coal price and volumes

Thu, 15 Aug 2013

By Pattrick Smellie Aug. 15 (BusinessDesk) - Solid Energy is targeting some 93 redundancies, almost all at its Huntly East underground coal mine, as the state-owned company grapples with falling demand and low coal prices. Chairman Mark Ford told a press briefing at the site of the nearby Rotowaro open cast mine, which will be largely unaffected, that this was the last major round of job cuts under the current restructuring plan, which began in February when Solid Energy began dealing with a corporate debt blow-out. Ford indicated that nego...

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