Mining giant BHP Billiton is considering a housing buyback as part of a package for workers laid off at its Ravensthorpe nickel mine, ... BHP considers 14 weeks' redundancy pay and housing buybacks. AAP understands about 200 workers in its iron ore division are set to be made redundant, mostly in Perth. Workers would be foolish to use their redundancy packages to buy something that would face fierce competition from BHP. Global miner BHP Billiton is meeting staff to announce job cuts from its iron ore division.Source:AAP. "A person will only be made redundant where a suitable role cannot be found or they choose to take a redundancy package.". A NOTE ABOUT RELEVANT ADVERTISING: We collect information about the content (including ads) you use across this site and use it to make both advertising and content more relevant to you on our network and other sites. "Hope springs eternal in the human breast obviously but one must look at the history of the mining industry and see that this has happened on many occasions in the past and no doubt will happen many times in the future.". BHP was also considering buying back the houses of those who moved to the area and offering financial assistance to businesses who will lose out, the government said. Redundancies in iron ore would appear to have been inevitable since the global mining giant recently scrapped plans for a $20 billion-plus Port Hedland outer harbour expansion, delaying growth beyond what was already committed. news.com.au — Australia’s leading news site. With one month to go, they’re struggling to come to terms with an uncertain future. The latest move follows the loss of thousands of jobs in Australia's resources industry, amid China-driven price falls in commodities such as iron ore and coal with Fortescue Metals particularly hard hit. “We advised that you will have the option to be considered for other redeployment opportunities, however, if we are unable to find you a suitable redeployment opportunity, then your role would cease for reasons of redundancy as on 15 January 2018 in which you would be eligible for a redundancy package” … The land is generally bound by the Hunter River to the northeast, Selwyn St to the south, Industrial Drive to the west, and One Steel also to the west. There were about 900 "open roles" available across the iron ore business, he said. Mr Moore said he hoped it was a short-term closure. Nationwide News Pty Limited Copyright © 2021. "Other businesses that may have been there already will be assisted, I presume, but perhaps to a different extent.". BP has already set aside about pounds 400m against the costs of its earlier redundancy programme. There were about 900 "open roles" available across the iron ore business, he said. Visit http://openthecrypt.blogspot.com/ ". business and, if necessary, the broader BHP Billiton Group. “I’ll probably send a couple of emails to some mates, nothing more,” Mr Cartledge said. Redundancy pay is calculated and paid on the basis of actual weekly pay. But Friday’s anniversary will pass without fuss from the Pathways man. Mass redundancies at BHP as 700 jobs set to go. A shift in the economic or business climate, a merger or a move to a new location can all make redundancies inevitable. The moves are consistent with the company's announcement in August that it would review capital spending. Iron ore producers would be far more circumspect about their rate of growth next time, Mr Le Brun said. "We are now sharing the outcome of this review with our people," he told AAP. BHP would cover whatever was required, including university or TAFE fees, textbooks and flexible work arrangements around study. BHP Billiton is considering a housing buyback as part of a package for workers laid off at its Ravensthorpe nickel mine, the West Australian government says. All times AEDT (GMT +11). BHP was founded on the promise of technological innovation. Discussions were also under way with individual businesses. There is a risk of claims (including discrimination claims) if the process is not handled correctly. BHP Group look at what this is, when and how it might work and the possible implications for employers ... pooling and selection in much the same way as with a redundancy process. Find out more about our policy and your choices, including how to opt-out. The NES began operating on 1 January 2010. Mr Papaspiropoulos said BHP had a strong belief in the longer term attractiveness of the iron ore market. BHP’s shares have gained 1.6% today, while fellow iron ore miners Fortescue Metals Group Limited and Rio Tinto Limited have also gained 3.2% and 1.4% respectively. Notice of termination and redundancy pay forms part of the National Employment Standards (NES). WORKERS at terminally unprofitable Norwich Park Mine near Dysart could score a house if they opt for a redundancy package today. This was in addition to the payment of any unpaid annual and long service leave. GLOBAL miner BHP Billiton is continuing to slash costs in a subdued environment as it meets with workers in Perth this week about likely job cuts. It is important to note that the length of your employment might also depend on whether you were legally entitled to redundancy pay before the introduction of the National Employment Standards (NES). The mine will be mothballed after BHP announced last week up to 1,500 workers would lose their jobs. :) Naaahhh unless BHP has changed drastically it's 13wks + 2wks/year of service, total for 16 years = 45wks (plus any unused leave of course). By 2017, BHP … Mining giant BHP Billiton is considering a housing buyback as part of a package for workers laid off at its Ravensthorpe nickel mine, the West Australian government said on Wednesday. Employees who quit other jobs to go to work at Ravensthorpe would also be offered relocation back to their original place of work, Mr Moore said. If you did not have the right to receive redundancy pay before this date, your period of continuous service is taken to commence on 1 January 2010. Find the latest BHP Group Limited (BHP) stock quote, history, news and other vital information to help you with your stock trading and investing. Out more about our policy and your choices, including how to.... 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