Arrium adds to SA job shock

Thursday, 1 October 2015

Arrium is adding to South Australia’s accelerating jobs crisis:

Arrium, the owner of the Whyalla Steelworks, has announced it has started two years of cost cutting to save $100 million to improve the viability of the steelworks.

The cuts are in addition to a $60 million savings push announced in August.

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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.