New Acland withers while waiting
Delays in approving the New Acland coal mine could soon cost jobs.
New Hope Group has recommended corporate staff take voluntary redundancies, as ongoing approval delays for the expansion of Queensland’s New Acland coal mine continue.
The company says that as it stands, up to 75 per cent of its corporate office workforce will be made redundant by the end of November 2020 in a “significant restructure”.
New Hope claims its management will become more streamlined, with the majority of executive positions removed.
New Hope chief executive officer Reinhold Schmidt said the uncertainty of New Acland’s stage three approval triggered the restructure.
“With the ongoing uncertainty around approvals for New Acland we have had to refocus and put the business in the best position to go forward,” he said.
“We have had to make some extremely difficult decisions but, in reality, even if we were granted approvals for stage three today, we are in for a tough couple of years as we ramp up again.”
New Hope has alleged that over 500 jobs would be created by stage three works at the New Acland coal mine.
However, when legal disputes stalled the approval process earlier this year, the company made 150 workers redundant.