CDU 0.00% 23.5¢ cudeco limited

You surprise me jantimot in that you do not realise how bad...

  1. roh
    4,061 Posts.
    You surprise me jantimot in that you do not realise how bad things are out there. Every day more and more people are losing their jobs in the mining industry and in the broader community. That is why I said last year would be bad and this one a shocker.
    Realistic prices are reached when competition for available work is evident and that is occurring now. That extra electrical contractor [ a West Australian firm ] now located in Cloncurry can only be a good thing for the likes of CuDeco.
    A similar situation exists for the engagement of employees as more mines in the region close and employment opportunities evaporate. CuDeco is in the fortunate position of being able to be selective from a larger experienced labour pool and not having to pay the wages which applied previously.
    Wayne McCrae has said that he can employ a truck driver at $20,000 a year less than what he would have had to pay previously. Now that is a saving in anyone's language.
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