Australian steelmaker BlueScope Steel has announced that it has reached a memorandum of agreement on its workforce structure and a new three-year enterprise agreement with unions and employees at Port Kembla.
BlueScope stated that the agreement is a significant and essential step to achieve the company’s $200 million cost reduction target.
According to the agreement, approximately 300 manufacturing jobs will be removed in wide-ranging restructuring and productivity reforms agreed under the mediation guidance of the unions. A further 200 support and service positions will also be eliminated. Unions also agreed a three-year wage freeze and new streamlined provisions for the introduction of workplace restructures.