RAIL WORKER REDUNDANCIES TO EXCEED 500

Written on the 8 June 2012

RAIL WORKER REDUNDANCIES TO EXCEED 500

MORE than 500 Queensland Rail workers were today offered voluntary redundancy packages.

The ASX-listed railway operator is holding talks with employees and unions, inviting expressions of interest as part of broader restructuring of QR National (QRN) to reduce costs and improve efficiency and customer service.

CEO Lance Hockridge (pictured) promises there will be no forced employee redundancies or relocations as a result of the talks.

“Our cost base is too high when compared to competitors and rail industry peers,” he says.

“While QRN continues to grow, we need to better serve customers and improve our operating and financial performance if we are to safeguard an ongoing strong future for our company, our employees and shareholders.”

The company is confident it will exceed its voluntary redundancy target of 500 based on demand during a smaller round of retrenchments earlier this year.

QRN will focus on reducing management and supervisory levels, rationalising back-office support functions and non-core business activities – and consolidating commercial functions.

Consultations will end on June 22 with proposed reforms to be implemented in mid-August.


Latest News

GUVERA ESCAPES WIND-UP ORDER

GUVERA has avoided being wound up after a claim for a $1.78 million debt by Kwong Properties was dismissed at the ...

CONSUMERS PESSIMISTIC ENTERING 2017

CONSUMER confidence remains at its weakest point since April 2016, according to the latest Westpac Melbourne Institut...

WESFARMERS' COAL BUSINESS ON FIRE

WESFARMERS (ASX: WES) has lifted its first-half profit guidance due to surging coal prices and higher than expected c...

SIXTH CONSECUTIVE RECORD PROFIT FOR AP EAGERS

AP EAGERS (ASX: APE) will beat guidance with its sixth-consecutive record profit when it reports its full year result...

Related News

CONSUMERS PESSIMISTIC ENTERING 2017

CONSUMER confidence remains at its weakest point since April 2016, according to the latest Westpac Melbourne Institut...

RISE OF STARTUP SUPPORT PROGRAMS NOT AS ROSY AT IT SEEMS

ENTREPRENEURIAL cultivation companies in Australia are appearing quickly, but questions have been raised about whe...

SMES TAKE RETAIL MARKET SHARE AS CONSUMERS CHOOSE PERSONALISATION

IN a battle for the hearts and wallets of Australian consumers, it appears that small and medium retail businesses...

KNOWLEDGE WORKERS AMONG MOST SOUGHT AFTER IN 2017

BUSINESSES searching for efficiencies and improved systems are in search of knowledge workers early this year, say...

Contact us

Email News Update Sign Up Contact Details
Subscriptions

PO Box 2087
Brisbane QLD 4001

LoginTell a FriendSign Up to Newsletter