RAIL WORKER REDUNDANCIES TO EXCEED 500

RAIL WORKER REDUNDANCIES TO EXCEED 500

MORE than 500 Queensland Rail workers were today offered voluntary redundancy packages.

The ASX-listed railway operator is holding talks with employees and unions, inviting expressions of interest as part of broader restructuring of QR National (QRN) to reduce costs and improve efficiency and customer service.

CEO Lance Hockridge (pictured) promises there will be no forced employee redundancies or relocations as a result of the talks.

“Our cost base is too high when compared to competitors and rail industry peers,” he says.

“While QRN continues to grow, we need to better serve customers and improve our operating and financial performance if we are to safeguard an ongoing strong future for our company, our employees and shareholders.”

The company is confident it will exceed its voluntary redundancy target of 500 based on demand during a smaller round of retrenchments earlier this year.

QRN will focus on reducing management and supervisory levels, rationalising back-office support functions and non-core business activities – and consolidating commercial functions.

Consultations will end on June 22 with proposed reforms to be implemented in mid-August.

Help us deliver quality journalism to you.
As a free and independent news site providing daily updates
during a period of unprecedented challenges for businesses everywhere
we call on your support

From pandemic side hustle to multi-million dollar business: Meet Ling Fung
Partner Content
Ask any parent, and they’ll tell you: preparing for a new baby is no easy task.&n...
Metro Baby
Advertisement

Related Stories

ACCC gives Compare the Market operator green light for iSelect takeover

ACCC gives Compare the Market operator green light for iSelect takeover

The Australian Competition & Consumer Commission (ACCC) has ann...

How Sourci made it: Meet the founders behind Australia’s new e-commerce wave

How Sourci made it: Meet the founders behind Australia’s new e-commerce wave

In just four short years the co-founders of product development con...

Competition watchdog sniffs at Cochlear-Oticon acquisition

Competition watchdog sniffs at Cochlear-Oticon acquisition

The management at Cochlear (ASX: COH) are hoping to add an extra 75...

Domino’s raising $165m to buy out German partner after settling deal for two new Asian territories

Domino’s raising $165m to buy out German partner after settling deal for two new Asian territories

A day after wrapping up two new Asian territories as part of the bi...