From Fairfax:
In an emailed media statement, Roy Hill said it had responded to employee feedback to retain its family friendly roster but was asking employees to accept a reduction in base salaries.
“Retaining as many jobs as we can for our existing employees was one of the outcomes we were looking for from our review of rosters and remuneration,” Roy Hill chief executive Barry Fitzgerald said.
“We felt it was more important for our people to retain their job rather than pursue workforce reductions as a cost saving strategy in response to market conditions.”
Lot’s of jobs will go over the next eighteen months as 8000 construction workers turn into 2000 miners, and one wonders how long those numbers will hold up with the margin squeeze that’s coming. You can double the attrition when the iron ore juniors go under.
When you add Gorgon where 9000 construction workers will turn into 400 gaseous technicians, and Wheatstone, which is a little smaller, that’s a guaranteed 25k direct very highly paid jobs evaporating (and double it with sensible multipliers) just as WA immigration collapses and its housing market enjoys an historic surge in supply.
Why there is no national summit right now aimed at preventing this turning into a WA disaster I have no idea.
