Friday September 16, 2011In light of today's news that another 69 workers will be out of work by Christmas, here's Socialist Alliance's August 23 statement on BlueScope's recent cutbacks:
BlueScope Steel Ltd. announced on August 22 that it would shut two production facilities and shed 1000 jobs as part of a restructure aimed at turning around a $1.05 billion annual loss.
This will mean the shutdown of a blast furnace at Port Kembla in the Illawarra region of New South Wales and closure of its Western Port hot strip mill in Victoria.
The Port Kembla closure will result in 800 job losses, while at least 200 jobs will be cut at Western Port.
According to the Green Jobs Illawarra Action Plan, one third of the Illawarra region’s manufacturing workforce of 18,000 are direct or contract employees of BlueScope Steel.
These cuts will be devastating to communities already suffering from high unemployment and underemployment. The $3 million worth of bonuses BlueScope executives are paying themselves is a further slap in the face for retrenched workers.
Read the full statement here.
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