"The decision to reduce operational capacity was made to minimise losses across the operations, and is a result of the current economic environment of high operating costs and low commodity prices," a spokesman told Fairfax media.
"There will be a reduction of 60 positions from the permanent workforce."
The Newcastle Herald reports that the combined workforce was about 350 and that about
25 were axed at Duralie, with the rest from Stratford.
After posting a $A376 million loss for the first half of 2013, Yancoal last month flagged it would save about $7 million per annum in corporate costs after its merger with Gloucester Coal, which included a round of “headcount reduction”.
