Back then it shelved the massive estimated $US30 billion ($A29.57 billion) Olympic Dam expansion, which along with Port Hedland will cost potentially thousands of mining services jobs in areas such as engineering. BHP Group look at what this is, when and how it might work and the possible implications for employers ... pooling and selection in much the same way as with a redundancy process. The Broken Hill Proprietary Company was founded on 16 July 1885 in the mining town of Silverton, New South Wales. Find out more about our policy and your choices, including how to opt-out. This applies to all emplo… The State Government said BP confirmed a redundancy package would be available for workers, and that they had commenced efforts to find workers new positions in the sector. "For most people there will be little change other than position title and reporting line changes. How much redundancy payment could you expect? There is a risk of claims (including discrimination claims) if the process is not handled correctly. 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. Discussions were also under way with individual businesses. "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. But Friday’s anniversary will pass without fuss from the Pathways man. One man recently told Mr Cartledge that he was handling his third redundancy; first BHP, then Pasminco, now Hydro Aluminium. former BHP Newcastle Steelwo rks Site at Mayfield . David Brent is laid off / made redundant. Based on the redundancy … The packages were so good that the CBA employees ... BHP shares were 22 cents higher at $33.47 at 1530 AEST. Notice of termination and redundancy pay forms part of the National Employment Standards (NES). BHP spokesman Antonios Papaspiropoulos said no specific numbers on job cuts had been decided but the company had completed a review of its current organisational structure to ensure it was aligned to design principles and correctly sized for the market. With one month to go, they’re struggling to come to terms with an uncertain future. Employees who quit other jobs to go to work at Ravensthorpe would also be offered relocation back to their original place of work, Mr Moore said. BHP’s near $1.5 billion loss last year. Benchmarking Redundancy Pay Last updated: April / 2016 A shift in the economic or business climate, a merger or a move to a new location can all make redundancies inevitable. “I’ll probably send a couple of emails to some mates, nothing more,” Mr Cartledge said. 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 says. The CFMEU says it will take Rio Tinto to court if a pay dispute over redundancy packages cannot be resolved. A person will only be made redundant where a suitable role cannot be found or they choose to take a redundancy package. The moves are consistent with the company's announcement in August that it would review capital spending. Global miner BHP Billiton is meeting staff to announce job cuts from its iron ore division.Source:AAP. “We advised that you will have the option to be considered for other redeployment opportunities, however, if we are unable to find you a suitable redeployment opportunity, then your role would cease for reasons of redundancy as on 15 January 2018 in which you would be eligible for a redundancy package” … 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. Redundancy pay is calculated and paid on the basis of actual weekly pay. WORKERS at terminally unprofitable Norwich Park Mine near Dysart could score a house if they opt for a redundancy package today. Where BHP Billiton Iron Ore no longer requires work of a particular kind to be carried out and there is no similar suitable alternative employment within BHP Billiton Iron Ore, or with another company within the BHP Billiton Group, it may be necessary to make positions redundant. BHP would cover whatever was required, including university or TAFE fees, textbooks and flexible work arrangements around study. "I can't confirm any of that at this stage," Ms Evans said. 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.. Jack is on an emotional rollercoaster as he faces the … The mine will be mothballed after BHP announced last week up to 1,500 workers would lose their jobs. BHP Community Ltd t/a BHP Insurances. The spot price for iron ore had recovered to above $US110 a tonne on Tuesday from $US104, well above the recent lows but down on the historical highs of $US180 a year ago. 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. "I would encourage them to tell you and to tell the West Australian community what they have in mind because what they've told me so far seems to me to be heading down the right track. 4.6 Redundancy. We explain work rights and how payments are calculated. ... OP permanent staff will get a redundancy package of sorts as others have indicated. 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. "They are battening down the hatches but I think it's probably a good thing in the current market conditions with a lot of uncertainty around the short term and medium term iron ore price.". "I hope ... the company will look after its assets, the government will assist the shire to look after its and that down the track this project will reopen," Mr Moore said. By 2017, BHP … 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. ". Nearly all employers are ... trenched and offered a redundancy package was a benefit. "We are now sharing the outcome of this review with our people," he told AAP. We aim to remain at the forefront of our industry and create ever-smarter spaces that help clients navigate new demands within their field. BHP shares were 22 cents higher at $33.47 at 1530 AEST. The original series of the Office with Ricky Gervais. Mr Moore also urged BHP to make a public statement about its plans for the community. BHP has signed a renewable power purchasing agreement (PPA) to supply up to 50 per cent of its electricity needs at the Kwinana Refinery from Merredin Solar Farm – the largest in Western Australia. The government has issued a separate package … BP has already set aside about pounds 400m against the costs of its earlier redundancy programme. 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 … AAP understands about 200 workers in its iron ore division are set to be made redundant, mostly in Perth. Iron ore producers would be far more circumspect about their rate of growth next time, Mr Le Brun said. 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. Mr Moore said he hoped it was a short-term closure. Visit http://openthecrypt.blogspot.com/ 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. The NES began operating on 1 January 2010. BHP was also considering buying back the houses of those who moved to the area and offering financial assistance to businesses who will lose out, the government said. Together, we’ll work out the most suitable – and affordable – insurance package to suit your organisation’s needs. Peter is angry – he's lost his marriage as well as his job. Find the latest BHP Group Limited (BHP) stock quote, history, news and other vital information to help you with your stock trading and investing. All times AEDT (GMT +11). There were about 900 "open roles" available across the iron ore business, he said. GLOBAL miner BHP Billiton is continuing to slash costs in a subdued environment as it meets with workers in Perth this week about likely job cuts. Mr Papaspiropoulos said BHP had a strong belief in the longer term attractiveness of the iron ore market. 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). Find out more about our policy and your choices, including how to opt-out. Employers shelled out a record amont in redundancy payments last year, new figures show. "A person will only be made redundant where a suitable role cannot be found or they choose to take a redundancy package." news.com.au — Australia’s leading news site. In Steel City, the employees of the BHP steelworks in Newcastle are bracing themselves for Australia's largest industrial shutdown. The ready reckoner for redundancy payments from the department of Business, Innovation and Skills is worked out. While West Australian Mines Minister Norman Moore held a news conference to outline an offer to the community being considered by BHP, a company spokeswoman refused to confirm the details. BHP spokeswoman Sam Evans told AAP she could not confirm any details apart from 14 weeks' redundancy pay on top of legal entitlements. "Now you are getting job layoffs in that area of the market so you are hearing one thing and seeing another," he told AAP. User #275832 1178 posts. 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. Four BHP workers, who have asked not to be named, have told the ABC that once they are made redundant at the end of this month, they will receive about 14 weeks net pay and annual entitlements. If you did not have the right to receive redundancy pay before this date, your period of continuous service is taken to commence on 1 January 2010. BHP expects hard work from their employees but you are rewarded with a good competitive salary, a good work culture and work collegues that become your family. At BHP Billiton everyone got 14 weeks salary plus 2.5 week's salary per year of employment. BHP was founded on the promise of technological innovation. The NES apply to all employees covered by the national workplace relations system, regardless of any award, agreement or contract.The NES establish the minimum entitlement to the notice period, or payment in lieu of notice, that an employer must give an employee to end their employment. :) Naaahhh unless BHP has changed drastically it's 13wks + 2wks/year of service, total for 16 years = 45wks (plus any unused leave of course). OptionsXpress market analyst Ben Le Brun said it was interesting that while executives at Australia's biggest iron ore producers in BHP, Rio Tinto and Fortescue were talking up the prices of iron ore they were actually pulling back on capital expenditure. Workers would be foolish to use their redundancy packages to buy something that would face fierce competition from BHP. 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