Mining companies pull out employment shears

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By Leith van Onselen

From ABC Radio comes further bad news for mining employment, with a new industry survey forecasting another 30,000 jobs losses, mostly in New South Wales and Queensland:

The annual report by Newport Consulting found that 80 per cent of bosses surveyed plan to reduce staff this year and cut capital spending. The report says that thousands of mining jobs hang in the balance as more mines close…

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.