Started by Fares_Fair, November 23, 2011, 10:58:45 AM
Quote from: ozbob on May 24, 2014, 06:15:32 AMAndrew Korner of the Queensland times, nails it ...Queensland Times 24th May 2014 page 11A bit rich .. CEO Paid millions
QuoteWorking in his favour was the fact the market under-estimated the amount of excess there was to be trimmed. Executives say the level of inefficiency at the time of privatisation was staggering. A lot of work has been done to change the culture at Aurizon as well as savings in labour, IT, corporate services and real estate.
QuoteCEO Lance Hockridge says he is aiming to cut costs at Aurizon as coal tonnage and revenue declines push Australia's largest rail based transport company into a half year net loss.
QuoteRAIL operator Aurizon is axing more than 300 jobs and writing off the last $73 million of value from a takeover two years ago of Western Australia resources company Aquila.The bottom line of Brisbane-based Aurizon is also copping an additional $29 million hit on the value of railway locomotives and carriages.The problems reflect ongoing struggles for resources-linked companies and wipe-outs on acquisitions made during the mining boom."Clearly we're operating in a tough and volatile market with lower growth conditions for our customers," Aurizon chief executive Lance Hockridge said in a stockmarket announcement on Thursday."In this environment, we are targeting further reductions in our cost base and finding new ways to drive asset and labour productivity."Aurizon said the amount of coal it hauled would be 207 million tonnes, down on last year's 211 million tonnes. The amount of coal carried on Aurizon lines by a subsidiary and other players was a record 226 million tonnes ...
K&S deal sees Aurizon intermodal volumes soar - https://t.co/ALvJf4ZKps pic.twitter.com/cNOrfOKokc— Rail Express (@RailExpressNews) January 18, 2017
K&S deal sees Aurizon intermodal volumes soar - https://t.co/ALvJf4ZKps pic.twitter.com/cNOrfOKokc
QuoteAUSTRALIAN rail freight operator Aurizon is looking to revitalise its plans for a 1067mm-gauge rail link to the proposed coalfields in the Galilee Basin in north Queensland, according to reports in the Financial Review.Aurizon has reportedly submitted a $A1.25bn ($US 960m) proposal to the Northern Australian Infrastructure Facility (NAIF), a federal government body tasked with opening up remote areas in the north of country.Last year Indian coal miner Adani made a similar submission to NAIF for public investment in the form of a $A 1bn loan to build the rail and port infrastructure associated with its proposed Carmichael mine project.The two proposals are in direct competition with each other.Less than a year ago, Aurizon abandoned planning for a Galilee rail link incurring a $A 30m impairment. However, the report suggests that recently appointed CEO Mr Andrew Harding has brought a fresh outlook to Aurizon.Aurizon's proposal could be viewed as a strategic play in that it alleviates the government's position of potentially providing a $A 1bn subsidy to a foreign investor for a project that is already mired in controversy.Adani's Carmichael proposal requires construction of a standard gauge 390km line to connect with the Adani-owned coal terminal at Abbot Point in north Queensland. The mine would have an initial production of 25 million tonnes per annum (mtpa), ramping up to 60mtpa over time.Aurizon's proposal would remove some infrastructure duplication, a potential change in gauge, and would also have a significant impact in reducing the total cost of the rail project.
Quote from: Stillwater on June 01, 2017, 17:40:08 PMSo any of the drivers to be sacked interested in living in Brisbane, driving suburban trains?
QuoteThe decision to cut hundreds of Aurizon jobs in central and north Queensland is about survival, the rail freight operator has said, but the union argues it is a "kick in the guts" for workers.Aurizon said more than 300 jobs would go as part of a major overhaul of its operations needed for the company to remain competitive.The historic maintenance workshops in Rockhampton will be closed and redeveloped by the end of next year, affecting 181 workers.A further 126 train crew positions would be phased out in central Queensland, to be replaced by 70 contractors.In Mackay and Townsville, 62 jobs would go where haulage contracts had been finalised.Aurizon said it would work to offset the losses by relocating workers where possible.It said it was reshaping its operations in response to changing demands in the mining sector.Aurizon head of operations Michael Carter said it was a tough market."We don't take that decision lightly however in the interests of the long-term sustainability and success of the company we think it is essential to take these tough decisions," he said."We, also in doing that, need to make the hard decisions that means that sometimes what's best for all of our company, for all of our company's employees ... in doing that sometimes very unfortunately some towns have bigger impacts than other towns."Australian Manufacturing Workers Union (AMWU) spokesman Bernie Miztell said the impacts of the closure in Rockhampton would be widespread."[It's a] kick in the guts for the workers down there at the Aurizon workshops," he said."We've gone through some tough times and for the broader community, there's going to be 250 workers lose their jobs there."Then there's other workers that provide services to Aurizon that will be affected in Rockhampton."
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