Newcrest to cut more jobs

Company News


Newcrest Mining Limited (ASX:NCM) will cut an unspecified number of workers at its Telfer mine in Western Australia, according to media reports.
 
The miner has reportedly held meetings with the mine's fly-in, fly-out workforce informing them cuts would come in the next six to 12 months.
 
Newcrest says the external environment has taken its toll on the company and it is currently offering workers redeployment and transfer opportunities 
 
The miner says those talks are ongoing so it cannot be definite on numbers.
 
Newcrest, which has been hit hard by falling gold prices, earlier cut 250 jobs in Brisbane and Melbourne, as well as 150 staff in Papua New Guinea.
 
Newcrest generated a net profit of $339 million in the first half of fiscal 2013.

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