Soon after, Mr Prescott purchased a $2 ... redundancy pack-ages have corrupted workplace culture at all levels. The mine will be mothballed after BHP announced last week up to 1,500 workers would lose their jobs. The CFMEU says it will take Rio Tinto to court if a pay dispute over redundancy packages cannot be resolved. Redundancy insurance is designed to provide short-term financial assistance if you involuntarily lose your job due to redundancy, or if you are self-employed and your business becomes insolvent.This covers a portion of your pre-redundancy income for a certain period of time known as the benefit period while you are out of work. Notice of termination and redundancy pay forms part of the National Employment Standards (NES). There are many opportunities within the company and lots of room to move around from one role to another which means that many employees stay with the … Employers shelled out a record amont in redundancy payments last year, new figures show. We explain work rights and how payments are calculated. If the prospect of buying up impoverished workers' shares has the stock brokers all excited, imagine their glee if they could get a cut of $100 million in workers' redundancy payments by brokering a buy-out. User #275832 1178 posts. “I’ll probably send a couple of emails to some mates, nothing more,” Mr Cartledge said. Up to 200 workers at BHP’s Perth office could be facing redundancy as the mining giant moves to reduce red tape. Visit http://openthecrypt.blogspot.com/ BHP’s near $1.5 billion loss last year. 16 years gives you a nice fat redundancy package probably close to 3 years pay...? 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. BHP operated a major steelworks in the suburb of Mayfield, Newcastle, NSW from 1915 to 1999. 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. Redundancy pay is calculated and paid on the basis of actual weekly pay. "A person will only be made redundant where a suitable role cannot be found or they choose to take a redundancy package.". The government has issued a separate package … The moves are consistent with the company's announcement in August that it would review capital spending. BHP have already cut about 2000 coal mining jobs this year, closing its Gregory and Norwich Park coal mines in Queensland, while also shelving building the multi-billion dollar Red Hill coal mine and cutting jobs in nickel mining. All times AEDT (GMT +11). news.com.au — Australia’s leading news site. ... OP permanent staff will get a redundancy package of sorts as others have indicated. 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). Based on the redundancy … A shift in the economic or business climate, a merger or a move to a new location can all make redundancies inevitable. Mr Moore also urged BHP to make a public statement about its plans for the community. Number: 06/02 BHP Billiton today completed its withdrawal from the Ok Tedi copper mine in Papua New Guinea with the transfer of its 52 per cent equity stake to PNG Sustainable Development Program Limited (Program Company), a development fund that will operate for the benefit of the Papua New Guinean people. Mr Papaspiropoulos said BHP had a strong belief in the longer term attractiveness of the iron ore market. "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.". This was in addition to the payment of any unpaid annual and long service leave. ... BHP shares were 22 cents higher at $33.47 at 1530 AEST. business and, if necessary, the broader BHP Billiton Group. But Friday’s anniversary will pass without fuss from the Pathways man. 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. ". Redundancies can be a fact of life in the smaller business, where carrying surplus staff is a shortcut to disaster. How much redundancy payment could you expect? Nearly all employers are ... trenched and offered a redundancy package was a benefit. 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. "Now you are getting job layoffs in that area of the market so you are hearing one thing and seeing another," he told AAP. Find out more about our policy and your choices, including how to opt-out. "Obviously those companies that were directly encouraged by BHP to go to those towns will be looked after on the basis that they were part of an incentive program," Mr Moore said. For prices to recover there needs to be monetary stimulus action from China's central bank, he said, which investors hope will occur once the political leadership is decided on at next month's Communist Party congress. BHP spokeswoman Sam Evans told AAP she could not confirm any details apart from 14 weeks' redundancy pay on top of legal entitlements. Mr Papaspiropoulos said BHP had a strong belief in the longer term attractiveness of the iron ore market. Find the latest BHP Group Limited (BHP) stock quote, history, news and other vital information to help you with your stock trading and investing. Global miner BHP Billiton is meeting staff to announce job cuts from its iron ore division.Source:AAP. About 50 superintendents at the Appin mine are demanding a wage increase of 18% and have decided to walk off the job … BHP, formerly known as BHP Billiton, is the trading entity of BHP Group Limited and BHP Group plc, an Anglo-Australian multinational mining, metals and petroleum dual-listed public company headquartered in Melbourne, Victoria, Australia.. BHP was founded on the promise of technological innovation. A person will only be made redundant where a suitable role cannot be found or they choose to take a redundancy package. We aim to remain at the forefront of our industry and create ever-smarter spaces that help clients navigate new demands within their field. 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