It's only going to get worse......
CSG is on shaky ground.
We did say the boom would end, didn't we?
Yesterday these were the jobs we were going to use to lure migrants to regional areas....today they're gone.
Fallout from CSG slump set to claim up to 400 Arrow Energy jobs
Embattled local CSG group Arrow Energy has confirmed that the axe is poised to fall on hundreds of workers at the Brisbane-based group as the company's major partners decide to pull out of their $10 billion Gladstone LNG project.
An Arrow spokesman today confirmed reports in The Courier Mail that about 400 staff out of a total of 1200 would go as the company wound back its Gladstone ambitions.
http://www.couriermail.com.au/business/fallout-from-csg-slump-set-to-claim-up-to...reader comments:
Michael
Maybe if people paid more attention to media outlets that aren't bought by the employers or government then you'd all know the truth. There are hundreds of jobs a week disappearing into the abyss and yet everyone believes the politicians when they say "its all ok".... Start looking outside the box and you'll see the real world. This is not the first lot of jobs, and it won't be the last.
Elizabeth
Well then it's time for governments to stop promising to lift employment. .because the only way to do that is through the public service and we know how Newman feels about that.
Shona
Oh wow. A disaster. How many lives, families, dreams are ruined by this? On a related note, has Premier Newman ever had a worse week as Premier than this last one? He's been the King Midas of Poo, everything he has touched has turned to , well, yukky stuff. His announcement on violence in the valley was roundly ridiculed, his immigrant plans were shown up as fatuous and unthought-out and his plea for an image do-over in the CM was seen as pathetic and desperate - prompting another hail of call for him to quit in favour of the Golden Child, Scott Emerson, and now his economic credentials are in tatters, Rotten week for the Prem. Can he bounce back?
...and one for the house flippers
Rowan
If you were suckered into buying an investment property in Gladstone, my condolences. Three years ago you couldn't rent a home in Gladstone. Today there's over 800 houses sitting empty and every likelihood that this number will easily pass 1000 before the clean out is finished.