Coal carrier, Aurizon, claims that industrial action carried out by transport unions has cost the company $2 million on top of the loss of coal royalty revenue to the State Government.
The Rail Tram and Bus Union (RTBU) and the Australian Federal Union of Locomotive Employees (AFULE) have conducted a series of strikes since the beginning of the year over pay and rostering.
“The estimated financial impact of cancelled rail services caused by this action in January and February is up to $ 2 million EBIT, ” the company said in a statement.
“This is exclusive of financial impacts to customers, the loss of coal royalty revenue to the State Government, and the reputational cost to Queensland as a reliable supplier of high-quality coal to global markets.”
“Each week, the Queensland coal network transports approximately 4 million tonnes of coal with export revenue of approximately $500 million.”
The company’s statement said that Aurizon was unaware of any further planned industrial action and that bargaining negotiations with the two unions was continuing.
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