The Australian
More than 300 jobs to go as Kuri Kuri smelter closes down
Edited by : AL CIRCLE
1 min read
MORE than 300 jobs are set to be lost as a Norwegian company plans to shut its aluminium smelter in the NSW Hunter Valley.
Norsk Hydro will shut down its Kurri Kurri plant, as low metals prices and the strong Australian dollar impact its profitability, the company said today.
The smelter employs 344 people.
In January, Norsk Hydro made 150 redundancies at the smelter after cutting back its production.
A subsequent review of the plant has revealed it would not be profitable in the short term, and its long-term viability would be negatively affected by increasing energy costs and the carbon tax, Norsk Hydro said.
"Our Kurri Kurri workforce has worked intensively to improve the plant's cost position and no stone has been left unturned," vice president of primary metal Hilde Merete Aasheim said in a statement.
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"The current cash losses are significant, with no sign of improvement anytime soon.
"We have therefore started to consult about full curtailment and will maintain a close dialogue with employees, unions and local stakeholders."
Norsk Hydro will shut down its Kurri Kurri plant, as low metals prices and the strong Australian dollar impact its profitability, the company said today.
The smelter employs 344 people.
In January, Norsk Hydro made 150 redundancies at the smelter after cutting back its production.
A subsequent review of the plant has revealed it would not be profitable in the short term, and its long-term viability would be negatively affected by increasing energy costs and the carbon tax, Norsk Hydro said.
"Our Kurri Kurri workforce has worked intensively to improve the plant's cost position and no stone has been left unturned," vice president of primary metal Hilde Merete Aasheim said in a statement.
The most influential people in Sport
"The current cash losses are significant, with no sign of improvement anytime soon.
"We have therefore started to consult about full curtailment and will maintain a close dialogue with employees, unions and local stakeholders."
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