Potential impact of the Closure of Arrium

Barry Burgan, John Spoehr

    Research output: Other contributionpeer-review

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    Abstract

    Since early 2016 Arrium Ltd has been warning of the potential for closure of its Whyalla steelworks given the financial impact of debt funded expansion followed by a decline in iron and steel prices (and general commodity prices). The group disclosed a $60 million cash shortfall at the steelworks which has 1100 workers on staff and an estimated contractor workforce of around 450. Additionally as many as 1000 jobs in total of both staff and contract labour is exposed to any closure of its iron ore operation, which is also under threat due to heavy losses. The following is a preliminary analysis of the potential economic and employment impacts of closure of Arrium’s operations.
    Original languageEnglish
    PublisherFlinders University, Australian Industrial Transformation Institute
    Number of pages13
    Place of PublicationAdelaide
    ISBN (Print)978-0-9942628-3-7
    Publication statusPublished - May 2016

    Bibliographical note

    © [2016] Flinders University / Australian Industrial Transformation Institute. An Open Access publication. Rights retained by Author(s) /Organizations where applicable.

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