Macmahon to shed 40 jobs and alter rosters

Loss making mining services contractor Macmahon will shed another 40 roles over the next few months as it deals with declining revenues.

Loss making mining services contractor Macmahon will cut another 40 staff and alter its corporate rosters to cut costs.

Macmahon, which slumped to a $112 million loss in the half year to December, confirmed it will continue with its redundancy program.

"There have been another 40 odd roles identified within the business that will no longer be required so over the next couple of months those roles will be turned off," a spokesman told AAP.

Macmahon's workforce currently stands at 2000, after already cutting 140 roles.

The spokesman said most of the upcoming redundancies were corporate roles rather than project roles.

The company will also begin a temporary roster change to save money, meaning corporate salaried employees at the company's Perth head office would work a nine day fortnight, rather than a 10 day fortnight, from June.

"We're doing that so we don't have to make any more roles redundant," The spokesman said.

"It's an interim measure that's going to be reviewed on a regular basis and we'll revert back to a full time roster when the business is ready to do so."

Macmahon recently cut its revenue forecast after losing its largest mining project, a $260 million a year contract at Fortescue Metals' Christmas Creek project in the Pilbara.


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Source: AAP


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