More coal jobs go

Tuesday, 23 July 2013

From the AFR:

Peabody Energy has cut another 170 Australian workers from its locally based coal operations after slashing 450 contractor jobs late in June amid poor market conditions.

Peabody runs both coking and thermal coal mines in QLD and NSW. It’s not clear where the jobs will go.

About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.