QR National sheds jobs in restructure

QR National today announced it is consulting with employees and unions to cut in excess of 500 jobs

QR National today announced it is consulting with employees and unions to shed in excess of 500 jobs

The Queensland-based rail haulage provider says the job losses are part of further proposed company-wide changes and restructure which
began in 2011.

QR National Managing Director & CEO Lance Hockridge says the proposed restructuring and reform is aimed at reducing costs, improving efficiency and delivering enhanced customer service.

"Employees across the company will be asked for expressions of interest in voluntary redundancy. There will be no forced redundancies and no forced relocations for the majority of employees," Hockridge says.

The final organisation structures and number of redundancies decided upon by QR National will be dependent on feedback received from staff and unions during the consultation process.

However, based on the proposed restructuring and previous demand in the last company-wide voluntary redundancy scheme, it is anticipated this would be in excess of 500.

"We continue to deal with a raft of legacy issues including higher than required staffing levels, high corporate overheads and bureaucratic structures after more than 145 years in government ownership," Hockridge says.

"Our cost base is too high when compared to competitors and rail industry peers."

QR National Executive Vice President Human Resources John Stephens adds QR National
will also
reduce staff at management and supervisory levels, rationalise back-office support functions and non-core business activity, and consolidate the company’s operations and commercial functions.

The consultation period with staff and unions will to run from today until 22 June, 2012.

When consultation concludes, QR National will make a decision on the proposals including consideration of suggestions, ideas and contributions received during the consultation period.

Pending consultation it is expected the proposed reforms would start to be implemented from mid-August 2012.

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