Cockatoo Coal Lays off 40 Workers

The Morning Bulletin reported that Cockatoo Coal Ltd. (ASX:COK) has cut 40 jobs from its Baralaba coal mine in Queensland’s Bowen Basin.

As quoted in the market news:

It was believed that miners turned up for their shift yesterday and were handed a letter detailing whether they were still employed or not.

Stephen Smyth, president of Queensland’s CFMEU Mining Division, stated:

I don’t know the fine details of their contracts but unfortunately for them when there’s an agreement in place between the employer and employee without the union, this type of thing happens.

Click here for the full The Morning Bulletin report